Thinking about buying in Malak? Now could not be a better time, with 1344 residential properties there's certainly plenty to choose from. Malak is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $264.00 |
Median Monthly Mortgage | $1745.00 |
Median Persons Per Bedroom | 0.95 |
Average Household Size | 2.50 |
Average Age | 35.50 |
Average Income | $668.50 |
Average Cars Per Dwelling | 1.54 |
Average Properties Within 50M | 11 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Malak 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. A mix of professions and above average income earners in Malak provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Malak requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
UNIT 7, 1 HAWKINS CT, MALAK, NT, 0812 | 2 | 1 | 0 | Over $195,000 | |
22 PATTERSON ST, MALAK, NT, 0812 | 4 | 2 | 2 | OFFERS OVER $690,000 | |
21 PITMAN CT, MALAK, NT, 0812 | 3 | 2 | 4 | Openn Negotiation | |
18 CHAMBERS CR, MALAK, NT, 0812 | 3 | 2 | 2 | Under Contract |
Malak Primary School
Sanderson Middle School
Top End School of Flexible Learning
O'Loughlin Catholic College
Holy Family Catholic Primary School
Anula Primary School
Wulagi Primary School
Karama Primary School
Manunda Terrace Primary School
Leanyer Primary School
(While the above schools are located with the suburb of Malak 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 | 15.8 | 25.1 | 32.0 | 63.1 | 94.1 | 4.7 | 18.8 |
Feb | 13.8 | 25.3 | 32.2 | 62.4 | 93.8 | 4.4 | 21.0 |
Mar | 8.2 | 25.2 | 32.7 | 58.5 | 94.6 | 3.7 | 21.2 |
Apr | 3.7 | 24.3 | 33.1 | 46.7 | 92.5 | 3.5 | 21.8 |
May | 0.7 | 22.5 | 32.4 | 37.4 | 86.1 | 3.9 | 20.8 |
Jun | 0.0 | 20.0 | 31.3 | 31.6 | 85.9 | 3.9 | 20.2 |
Jul | 0 | 19.5 | 31.6 | 29.2 | 87.6 | 3.7 | 20.8 |
Aug | 0.1 | 19.6 | 32.2 | 27.1 | 89.2 | 3.6 | 22.6 |
Sept | 0.8 | 22.8 | 33.5 | 35.6 | 89.8 | 3.7 | 24.7 |
Oct | 2.4 | 24.5 | 34.0 | 41.0 | 89.9 | 4.0 | 25.4 |
Nov | 5.4 | 25.3 | 34.0 | 48.7 | 90.7 | 3.7 | 24.6 |
Dec | 7.5 | 25.7 | 33.5 | 55.2 | 92.2 | 3.7 | 22.6 |
source: Australian Government Bureau of Meteorology
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