Suburb Profile Report for Malak NT (0812)

Malak House: Median price $465,000, Annual capital growth 1.07%, Number of sales 33, Weekly median advertised rent $450

Malak Unit: Median price $180,000, Annual capital growth 4.61%, Number of sales 10, Weekly median advertised rent $325

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Malak, 0812 have given investors a capital gain of -0.11%. This compares favourably with the -2.30% for NT as a whole.

If we look at median property appreciation over just the last three months, Malak has given property investors a paper return of -1.69%. This puts Suburb as 36 on a list of fastest fasting appreciating suburbs in NT

The most recent median price for Malak is $465000, with sellers offering an average of -8.31% off the asking price.

In the last year 10 properties changed hands in Malak, which puts it as the 19th most active market in NT when comparing the number of sales per suburb.

Information supplied by:




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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.

Metrics i HOUSE UNIT
$465,000 $180,000
-1.69% N/A
-0.11% N/A
1.07% 4.61%
$450 $325
33 10
5.03% 9.39%
83.0714285714286 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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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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