50 African Reef Boulevard

Greenough WA 6532

Median house price: $572,500, up 27.1% over the past year
Median unit price: $345,000
Median land price: $305,000
Rental growth: 8.0%, median rent $540/week
Fast-moving: houses selling in a median of 13 days on market
Nearby suburbs also running hot: Beresford +31.1%, Beachlands +26.2%, Cape Burney +27.1%, Bluff Point +21.1%

The 27.1% annual growth signifies the strongest cycle in years

Imagine owning the highest-elevation property in the region, where breathtaking hinterland sunrises paint the sky each morning and spectacular ocean sunsets unfold over the Indian Ocean every evening. This exceptional ~1.982 ha (19,800 m) acreage block at 50 African Reef Boulevard, Greenough, stands proud over looking the Westbank Estate with direct ocean viewsa truly one-of-a-kind lifestyle opportunity blending coastal charm, rural space, and unparalleled elevation.

Make an Offer:
https://buymyplace.com.au/on-the-market/make-an-offer

Nestled in the sought-after Westbank Estate area of Greenough, just a short drive from Geraldtons vibrant amenities, this elevated site offers privacy, space for your dream home, sheds, gardens, or equestrian pursuits, all while capturing sweeping panoramic views. Its perfect for those seeking a relaxed coastal lifestyle with room to growfishing, surfing, beachcombing, and country living are all at your doorstep.

Geraldtons Explosive Growth Position Yourself at the Heart of it. Geraldton and the City of Greater Geraldton are experiencing rapid transformation, making this the ideal time to secure a premium property. The region is projected to see strong population and economic expansion over the next 2 years and beyond, driven by resources, port upgrades, and regional appeal.

Population Growth: Greater Geraldtons population has grown steadily (from ~38,634 in 2016 to around 41,00042,000 recently), with forecasts pointing to continued increases. Medium-growth scenarios project it reaching ~44,800+ by 2026 and significantly higher thereafter, aligning with Western Australias broader boom (state population heading toward 3.5 million by 2033).

Property Market Momentum: Geraldtons median house prices have surged (e.g., strong double-digit annual growth reported in recent quarters, with values climbing notably from prior years), fueled by affordability, high rental yields, coastal lifestyle, and investor interest. Its frequently highlighted as one of WAs top-performing regional markets.

This rapid growth over the next 2 years is expected to drive further demand for unique properties like this one, supporting strong capital appreciation.

Make an Offer:
https://buymyplace.com.au/on-the-market/make-an-offer

Infrastructure Driving Future Prosperity and Major projects are unlocking Geraldtons potential:

Geraldton Port Maximisation Project (PMaxP): A $350 million investment modernizing the port, increasing capacity from ~16 to 25 million tonnes per annum. This will create jobs (up to 2,700 in construction), boost trade in iron ore, grain, minerals, and emerging commodities, and stimulate broader economic growth in the Mid West.

Utilities and Services: The property benefits from established electricity and water services typical for the developed Greenough area (connected to regional networks, including proximity to renewable energy sources like the Greenough River Solar Farm). This ensures reliable, ready-to-build infrastructure for your vision.
These developments, alongside WAs resources-driven momentum, position Greenough/Geraldton for accelerated growth in the coming years.

Strong Valuation and Investment Potential -
Recent estimates and comparable sales in the African Reef Boulevard area place this premium elevated acreage in a strong value range (around $600,000+ based on local data, with nearby blocks reflecting solid market interest). In a market with rising medians and limited ocean-view acreage supply, this property represents exceptional uniqueness and upside.

Dont miss this rare chance to own a piece of Geraldtons future. Whether building your forever home or securing a high-potential investment, 50 African Reef Boulevard offers lifestyle, views, elevation, and growth potential like no other. Contact us today to arrange an inspection and secure your slice of coastal acreage before its gone.

Make an Offer:
https://buymyplace.com.au/on-the-market/make-an-offer

References drawn from Realestate.com.au, Property.com.au, REIWA, WA Government reports, Mid West Ports, and economic analyses (as of mid-2026). Market conditions can change; consult professionals for latest valuations and due diligence.