Malak is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0812). With a population of 3,013, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $87K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Malak is $530,000, having declined 3.6% over the past year. Units have a median price of $299,000 (-13.3% YoY). The median weekly rent is $301 (Census 2021). This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,950.
Malak is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 807, which is well below the national average of 1,000. Public transport access includes 17 bus stops.
From an investment perspective, Malak offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($530K/$711K). The price-to-income ratio of 6.1x is considered moderate. House prices have moved -3.6% year-on-year.
Malak is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0812). With a population of 3,013, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $87K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Malak is $530,000, having declined 3.6% over the past year. Units have a median price of $299,000 (-13.3% YoY). The median weekly rent is $301 (Census 2021). This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,950.
Malak is served by 3 schools, including 1 primary, 2 secondary. The average ICSEA score is 807, which is well below the national average of 1,000. Public transport access includes 17 bus stops.
From an investment perspective, Malak offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($530K/$711K). The price-to-income ratio of 6.1x is considered moderate. House prices have moved -3.6% year-on-year.