Thinking about buying in Karratha? Now could not be a better time, with just 400 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $282,000 with prices in this suburb ranging from $33,000 to $1,382,000. Karratha is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Karratha there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Karratha ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Karratha changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Karratha necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
UNIT 16, 27 WARAMBIE RD, KARRATHA, WA, 6714 | 1 | 1 | 0 | 187000 |
St Paul's Primary School
Pegs Creek Primary School
Karratha Primary School
(While the above schools are located with the suburb of Karratha there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.6 | 27.2 | 36.2 | 45.8 | 86.1 | 6.3 | 27.2 |
Feb | 2.5 | 27.0 | 36.5 | 41.5 | 86.3 | 5.8 | 26.1 |
Mar | 1.0 | 26.6 | 36.5 | 39.6 | 83.8 | 5.2 | 23.2 |
Apr | 0.5 | 23.3 | 34.5 | 32.8 | 80.9 | 4.5 | 20.1 |
May | 1.1 | 18.4 | 30.7 | 30.4 | 80.8 | 4.2 | 17.7 |
Jun | 0.9 | 15.6 | 26.8 | 34.2 | 83.3 | 4.3 | 15.8 |
Jul | 0.3 | 14.1 | 26.8 | 30 | 81.1 | 4.3 | 17.2 |
Aug | 0 | 14.5 | 28.7 | 25.4 | 81.2 | 4.5 | 20.2 |
Sept | 0 | 17.2 | 32.0 | 21.8 | 77.6 | 5.2 | 24.0 |
Oct | 0 | 22.0 | 35.5 | 24.2 | 77.4 | 5.9 | 26.4 |
Nov | 0.2 | 23.3 | 35.2 | 30.1 | 79.1 | 6.5 | 29.7 |
Dec | 1.0 | 26.0 | 36.5 | 36.2 | 81.7 | 6.2 | 29.1 |
source: Australian Government Bureau of Meteorology
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