Property value increases in Malak have tracked higher than the NT average of -1.83% over the last 12 months.
Across a shorter period, Malak, 0812 has seen a median price increase of 0.53% over the last quarter.
Our latest figures would indicate that property sellers in Malak are currently offering property investors an average price cut of -9.17% below the asking price at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.
Property investors should expect to get $322.5 weekly from the median priced house in this 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.