In 1978 Australia bought the rest of the islands (except Oceania House) from John Cecil Clunies-Ross and transferred them to the Cocos community.

[7] In 1992, while awaiting the sale, John George Clunies-Ross junior was living in the bungalow on the property and operating the mansion for tourists.

[1][6] It was sold to the Australian Government for $1.2 million in 1993 to be turned over to the Shire of Cocos, but saw indecision about its use through the mid-1990s; in 1999 it was reported to have laid dormant for six years while hotel proposals had not proceeded.

[1] Located next to the Old School House on its west side, this is a long single storey gabled brick building apparently about sixty to eighty years old.

[1] Situated immediately east of the Old School House, this is a simple rectangular building apparently about thirty years old, consisting of concrete stumps, timber frame and floor, asbestos cement sheet cladding and metal roof.

It is a simple rectangular building apparently about ten to fifteen years old, with timber frame, concrete floor, fibrous sheet cladding and aluminium decramastic on top of the roof.

The original wooden plaque commemorating the 1857 annexation of the Territory by Great Britain, as well as bronze busts of the first four Clunies-Ross kings of Cocos, are in the house.

[1] The Bungalow part of the property has the following features:[1] Oceania House is in generally good condition, but the records in the library are at risk of damage from dust, dirt, mould and humidity.

[1] Historically the property is significant because of the evidence of its continuous occupation by the Clunies-Ross family since soon after they settled the Cocos Islands in 1827 and established its copra industry.

It includes the remains of the security wall built in 1870, the graves of several family members and historic records associated with the Cocos settlement.

Oceania House is of interest architecturally: it has an idiosyncratic style and detailing, possibly reflecting the isolation of the owners from the mainstream of British and Australian taste of the time.

[1] This Wikipedia article was originally based on Oceania House and Surrounds, entry number 105236 in the Australian Heritage Database published by the Commonwealth of Australia 2019 under CC-BY 4.0 licence, accessed on 15 May 2019.