Over the last year, property investments in Malak, 0812 have given investors a capital gain of -5.35%. This compares very badly with the 1.14% for NT as a whole.
A -21.26% growth in median value for property investors in Malak,0812 puts this suburb at number 23th in terms of best performing suburbs in NT
A $460 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at -0.87%.
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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.
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.