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.
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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.