Co-living in Ocean Hill Estate

Ocean Hill Estate is a residential development situated in a suburb approximately 72 kilometers south of Perth's central business district (CBD). The estate offers a blend of coastal living and modern amenities, making it an attractive option for property investors.

Key Highlights:

• Proximity to CBD and Airport:
  • Approximately 57 km south of Perth CBD, accessible via the Kwinana Freeway.
  • Perth Airport is about 80 km away, depending on the specific route taken.
• Shopping and Entertainment:
  • Lakelands Shopping Centre: A modern complex offering a variety of retail stores, restaurants, and entertainment options.
  • Mandurah Foreshore: Nearby area with beaches, water sports, fishing, and a vibrant dining scene.
• Education Precincts:
  • Lakelands Primary School.
  • Mandurah Baptist College.
  • Coastal Lakes College (Senior High School).
• Parks and Recreation:
  • Black Swan and Paganoni Lakes: Central features with recreation areas and walking tracks.
  • Lakelands Park: Offers walking trails, picnic areas, and playgrounds.
• Medical Facilities:
  • While specific hospitals aren't listed within the suburb, nearby Mandurah provides access to medical clinics and healthcare services.
• Restaurants and Cafes:
  • Various dining options are available within the Lakelands Shopping Centre and the surrounding areas.
• Amenities:
  • Proximity to Madora Beach, offering coastal lifestyle opportunities.
  • Community centers and recreational facilities within the suburb.
• Public Transport:
  • Lakelands Railway Station: Opened on 11 June 2023, enhancing connectivity to Perth and surrounding areas.
  • Bus services connecting to nearby train stations and suburbs.
• Vacancy Rate:
  • Specific vacancy rates are not provided in the available data.
• Supply and Demand Data:
  • Median house price: $635,000 with an annual growth of 30.93%.
  • Rental yield for houses: 4.97% with a median rent of $620 per week.
• Infrastructure Spending:
  • Development of the Lakelands Railway Station, improving public transport access.
• Population Details:
  • Population growth from 2,922 in 2011 to 4,820 in 2016, indicating a 65% increase.
  • Predominant age group: 0-9 years, suggesting a family-friendly community.
• Employment Hubs:
  • Proximity to Mandurah provides access to various employment opportunities in retail, healthcare, and other sectors.

Ocean Hill Estate's strategic location, combined with its amenities and infrastructure developments, positions it as a promising area for property investment.

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