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Malak
AREA REPORTS

Malak

Malak - SUBURB PROFILE REPORT
POSTAL CODE: NT, 812

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MALAK, 812 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $465,000.

Profits due to an upward trend in home prices in the suburb averaged 4.02% per annum over a 3-year period.

MALAK now ranks at the 12th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MALAK are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $440 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MALAK, homes and units usually stay on listing for an average of 92.0 days.

In 2016, 25 properties were sold in MALAK during the past year, making it the 27th most active market in NT based on total real estate transactions.

Data report can be found below

Malak
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $465,000 N/A
GROWTH REPORT
Median Quarterly 5.08% N/A
Median 12 month -1.06% N/A
Median 3 years 12.05% N/A
Median 5 years -13.08% N/A
10 years average annual 0.16% N/A
Weekly media advert. rent $440 N/A
Time on Market 92.0 days N/A
Gross Rental Yield Percent 4.92% N/A
demographics (median values)*
Total Population
18873
Weekly Household Income
2028
Household Size
2.80
Age
35
Monthly Loan Repayment
2134
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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