Marrakai
NT, 0822
-
Unincorporated NT
Thinking about buying in Marrakai? Now could not be a better time, with just 392 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $429,000 with prices in this suburb ranging from $164,000 to $1,014,000. Marrakai is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $190.00 |
| Median Monthly Mortgage | $1500.00 |
| Median Persons Per Bedroom | 1.10 |
| Average Household Size | 3.00 |
| Average Age | 44.00 |
| Average Income | $675.00 |
| Average Cars Per Dwelling | 2.03 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 1 Bed $299,000 |
| 2 Bed $614,000 |
| 3 Bed $613,000 |
| 4 Bed $915,000 |
Marrakai Real Estate Market Outlook
In Marrakai 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Marrakai due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Marrakai classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Marrakai 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. Lower than average industry presence in Marrakai we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Marrakai a better buying opportunity than it may have been in the past.
Houses for sale Marrakai
|
74 CLARKE RD, MARRAKAI, NT, 0822 |  5 |
 2 |
 4 |
$430,000 |
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Marrakai there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Marrakai weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 11.2 | 24.1 | 33.3 | 58.9 | 93.7 | 2.6 | 19.2 |
| Feb | 10.3 | 24.2 | 34.2 | 57.5 | 95.6 | 2.4 | 21.1 |
| Mar | 7.7 | 24.1 | 34.4 | 53.3 | 94.9 | 2.0 | 21.2 |
| Apr | 3.1 | 22.5 | 34.3 | 44.3 | 95.3 | 1.9 | 22.3 |
| May | 0.7 | 19.8 | 33.5 | 38.4 | 93.8 | 2.1 | 20.7 |
| Jun | 0.0 | 15.7 | 32.8 | 29.0 | 90.9 | 2.2 | 20.0 |
| Jul | 0 | 14.5 | 33.2 | 25.8 | 91.0 | 2.3 | 20.8 |
| Aug | 0 | 13.8 | 34.3 | 19.5 | 90.1 | 2.2 | 22.5 |
| Sept | 0.6 | 18.8 | 36.7 | 25.2 | 92.6 | 2.3 | 24.5 |
| Oct | 1.9 | 21.7 | 37.5 | 30.7 | 93.1 | 2.4 | 25.4 |
| Nov | 3.6 | 23.2 | 37.0 | 38 | 93.7 | 2.1 | 24.5 |
| Dec | 8.8 | 24.0 | 35.3 | 49.0 | 93.5 | 2.1 | 22.3 |
source: Australian Government Bureau of Meteorology
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