Tarku, located in the vast and mineral-rich region of East Pilbara in Western Australia, presents a unique housing market shaped by its geographical and economic context. As an area primarily driven by the mining industry, the housing market here is heavily influenced by the fluctuations in this sector. During times of mining booms, demand for housing surges as workers flock to the area seeking employment, driving up property prices and rental rates. Conversely, during downturns, the market can soften considerably. The housing options in Tarku range from modest family homes to properties tailored for transient workers, such as share houses and accommodations suited to fly-in-fly-out (FIFO) lifestyles. Despite the volatility, investment in housing can prove lucrative for those willing to navigate the cyclical nature of the market, particularly when infrastructure projects or new mining explorations are announced.
Living in Tarku offers a distinctive experience characterized by its remote yet connected lifestyle. Residents enjoy the vast, open spaces synonymous with the Australian outback, enhancing a sense of serenity and isolation from the hustle and bustle of urban centers. This environment fosters a tight-knit community where neighbors often know and support each other. The prominence of the mining industry means that many inhabitants lead FIFO lifestyles, contributing to a dynamic demographic landscape. Additionally, the surrounding natural beauty offers opportunities for outdoor activities such as hiking and exploring the unique Pilbara terrain. However, the remoteness also means that amenities and services are less accessible than in metropolitan areas, requiring residents to be resourceful and occasionally travel long distances for specific needs. Overall, Tarku offers a lifestyle that promises tranquility and community connection but requires adaptation to its distinctive economic and geographic realities.
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Thinking about buying in Tarku? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Tarku 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. Low average incomes in Tarku is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Tarku leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Tarku to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Tarku 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 Tarku a better buying opportunity than it may have been in the past.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Tarku 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 | 2.2 | 26.3 | 39.4 | 18.2 | 52.2 | 5.6 | 26.4 |
Feb | 1.4 | 25.5 | 38.4 | 19.8 | 51.2 | 5.4 | 25.8 |
Mar | 0.8 | 25.1 | 37.6 | 17.4 | 44 | 5.4 | 22.5 |
Apr | 1.8 | 19.7 | 32.1 | 19.8 | 47.1 | 5.4 | 19.7 |
May | 0.1 | 15.1 | 27.8 | 18.7 | 48.6 | 5.3 | 16.8 |
Jun | 0.3 | 11.3 | 23.4 | 23.8 | 57.6 | 5.2 | 15.2 |
Jul | 0.0 | 10.9 | 24.6 | 19.4 | 51.2 | 4.7 | 16.2 |
Aug | 0 | 12.2 | 26.7 | 13.8 | 39 | 5.3 | 19.5 |
Sept | 0.1 | 16.5 | 31.9 | 10.2 | 31.7 | 5.4 | 22.9 |
Oct | 0.3 | 21.9 | 36.8 | 10.6 | 33.6 | 5.4 | 25.5 |
Nov | 1 | 23.0 | 37.8 | 12.8 | 46.2 | 5.8 | 27.1 |
Dec | 1.0 | 25.7 | 39.1 | 16.2 | 45.1 | 5.8 | 26.3 |
source: Australian Government Bureau of Meteorology
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