Karakin

POSTAL CODE: WA, 6044
HOUSE

KARAKIN, 6044 ranks 818th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.67% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also 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 $350,000.

The upward trend in home prices in KARAKIN, 6044 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in KARAKIN.

An average of 1.67 real estate transactions take place per month in KARAKIN which translates to 20 per annum.

20 properties were sold in KARAKIN in 2016, making it the 351st most active market in WA based on total real estate transactions.

KARAKIN, 6044 places 31st in Australia based on median property value growth during the quarter.

Surburb overview

Karakin is a rural locality located approximately 109 kilometres north of Perth, within the Shire of Gingin in Western Australia. It covers an area of about 141.3 square kilometres and is near the coastal town of Lancelin. 

As of the latest available data, Karakin has a recorded population of 241 residents. The community predominantly comprises families and individuals engaged in agricultural and related activities. 

Karakin's landscape is characterised by its agricultural setting, featuring expansive farmlands and natural bushland. The locality offers a tranquil environment, making it suitable for those seeking a rural lifestyle. 

While Karakin has limited commercial facilities, it offers vacation rental options, including houses and cabins, catering to visitors seeking a peaceful getaway. These accommodations provide a base for exploring the surrounding areas, including nearby attractions such as Lancelin and the Pinnacles Desert. 

Access to Karakin is primarily via road, with the locality being reachable from Perth by car. Public transportation options are limited; private vehicles are the most practical means of travel to and from the area. 

Karakin's combination of rural charm, agricultural significance, and proximity to coastal attractions makes it a serene destination within Western Australia. 

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