Suburb Profile Report for Malak NT (0812)

Malak House: Median price $544,000, Annual capital growth 4.57%, Number of sales 24, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Malak, 0812 ranked 12th in NT when comparing growth in median property values or capital gain over the last 12 months. Malak is one of 124 in our list for NT

Taking the average capital gain, or increase in median house value, Malak,0812 has racked up an average of -0.18% over the period. This ranks it number 3606th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Malak, 0812. Typically our figures indicate that -7.19% is being offered, which puts this NT suburb at 1088th most discounted overall in Australia.

Advertised rents are around the $500 mark per week – giving a return of 4.78% based on the median price in Suburb

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Finding a suburb at the 'bottom' in Darwin is akin to trying to find a needle in a haystack, not least due to demand and supply pressures. Admittedly, Malak – just 9km northeast of the CBD as the crow flies – has experienced growth in the last few years that would make investors with properties in southern capitals green with envy. Even so, by Darwin's standards, it's been a slow burner. Full summary

Finding a suburb at the 'bottom' in Darwin is akin to trying to find a needle in a haystack, not least due to demand and supply pressures. Admittedly, Malak – just 9km northeast of the CBD as the crow flies – has experienced growth in the last few years that would make investors with properties in southern capitals green with envy. Even so, by Darwin's standards, it's been a slow burner.

The suburb itself offers easy access to the airport – which is the other side of McMillans Road – and Darwin proper. It's also within easy reach of Rapid Creek, Dripstone Park and the coast. Amenity-wise, it's fairly bare, albeit with a Coles, takeaways and restaurants on McMillans Road, and a few small schools smattered around the suburb.

Where it does come up trumps, however, is affordability. Units tend to be signficantly cheaper than nearby suburbs like Karama and Marrara.

This affordability, relatively subdued growth and high yields make Malak a very likely candidate to experience further capital growth – given Darwin's supply issues, population growth and ever-increasing incomes.

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Metrics i HOUSE UNIT
$544,000 N/A
-0.18% N/A
-0.18% N/A
4.57% N/A
$500 N/A
24 N/A
4.78% N/A
110.52 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 3309
Median household income ($/weekly) 1647
Median age of persons 33
Median housing loan repayment ($/monthly) 1860
Average household size 3
  • Census Count Percent(%)
    5-14 years 518 15.7
    25-34 years 469 14.2
    35-44 years 475 14.4
    45-54 years 506 15.3
    55-64 years 381 11.5
    Others 960 29.0
    Age Group
    Census Count Percent(%)
    Not Married 989 47.5
    Registered Married 828 39.8
    Defacto Relationship 263 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2104 75.0
    Iraq 60 2.1
    Philippines 99 3.5
    United Kingdom 97 3.5
    Other 201 7.2
    Others 245 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 107 3.9
    Christianity 1774 64.6
    Islam 55 2.0
    Other Religious Groups 26 0.9
    No Religion 768 28.0
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 70 8.4
    $1,500-$1,999 127 15.3
    $2,000-$2,499 104 12.5
    $2,500-$2,999 80 9.6
    $3,000-$3,499 60 7.2
    Others 389 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1049 48.6
    Not in the labour force 566 26.2
    Employed, worked part-time 347 16.1
    Employed, away from work 116 5.4
    Unemployed, looking for work 80 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 247 16.3
    Technicians & trades workers 230 15.2
    Community & personal service workers 191 12.6
    Clerical & administrative workers 294 19.5
    Labourers 160 10.6
    Others 389 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 60 7.7
    Infants/Primary 264 33.8
    Secondary 254 32.5
    Technical or Further Educational Institution 43 5.5
    University or other Tertiary Institutions 132 16.9
    Others 29 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2350 82.5
    Flat, unit or apartment 294 10.3
    Semi-detached, row or terrace house, townhouse 191 6.7
    Improvised home, tent, sleepers out 7 0.2
    Caravan, cabin, houseboat 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 386 41.8
    Rented 365 39.5
    Fully owned 165 17.9
    Other tenure type 8 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals