Malak

POSTAL CODE: NT, 812

HOUSE

UNIT

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

Average median house prices in NT have risen as a whole, pulling MALAK, 812 values up and netting property investors a capital gain of 19.67% for the past year.

Investors saw the median home price rise to $587,000.

Profits due to an upward trend in home prices in the suburb averaged 3.76% 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 $680 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 37.3 days.

In 2016, 44 properties were sold in MALAK during the past year, making it the 22nd most active market in NT based on total real estate transactions.

MALAK ranks 27th in NT when it comes to estimated capital gains experienced by property investors over the past three years.

MALAK, 812 has a capital gain of 4.69% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in MALAK sitting at $290,000, and the average rent at $430, property owners could potentially earn a 7.71% increase in gross rental yield.

Property investors have seen a -0.85% drop in MALAK based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that MALAK, 812 obtained a 4.69% growth over a ten-year period. It ranks 981st on our list of suburbs that property investors should look into.

Surburb overview

"Malak is a peaceful residential suburb in the City of Darwin, offering residents a relaxed suburban lifestyle with access to essential amenities and a strong sense of community.

Malak is situated approximately 14-16 kilometres northeast of Darwin’s central business district (CBD). Its close proximity to the city allows residents to enjoy urban conveniences while residing in a quieter suburban setting.

With a population of around 2,000 residents, Malak is a diverse and close-knit community known for its family-friendly environment. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Malak enjoys efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Malak Primary School and nearby Alawa Primary School. Casuarina Square Shopping Centre, just a short drive away, offers a variety of retail shops, dining options and entertainment facilities.

Malak presents various recreational opportunities. The suburb features several parks, playgrounds and green spaces, making it ideal for outdoor activities and family outings. The nearby Casuarina Beach is a popular spot for swimming, picnics and sunset views. The nearby Leanyer Recreation Park has a water playground and shaded areas for relaxation.

Malak offers a relaxed suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$587,000	$290,000
Growth Report
Median Quarterly	8.3%	-0.85%
Median 12 month	19.67%	4.69%
Median 3 years	11.28%	0%
Median 5 years	29.37%	0%
10 years average annual	1.85%	4.69%
Weekly media advert. rent	$680	$430
Time on Market	37.3 days	N/A
Gross Rental Yield Percent	6.02%	7.71%

Demographics (Median Values)*

Total Population 18873

Weekly Household Income 2028

Household Size 2.80

Average 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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