Question 1

Is Malak a nice place to live?

Accepted Answer

Malak is an established residential suburb in Darwin's northern suburbs, with quiet, tree-lined streets and homes on modest, well-vegetated blocks. Housing is predominantly single-storey and low-rise, a mix of older houses and pockets of more recent infill. The community is weighted towards families — nearly seven in ten families are couples — and the median age is 35. Homes are more often owner-occupied than rented.

Everyday life centres on local shops, community facilities, parks and sports reserves that suit outdoor, family-oriented activities, with regular bus routes and arterial roads that make access to central Darwin and other northern suburbs straightforward. The area is the focus of the City of Darwin’s Waters Ward Multigenerational Recreation Space project around Malak Oval, and there have been recent upgrades to the primary school, parks and the community centre; temporary closures and traffic controls occur while works are under way. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Malak?

Accepted Answer

On these figures, housing in Malak sits above local incomes recorded at the last Census. The median house price of $630,000 is about 7.2 times a typical local household's annual income at the last Census (weekly household income $1,676), which places buying well above what people locally earned then. Renting a house at about $650 a week would take roughly 38.8% of a typical local household's weekly income at the last Census, a sizeable share, so for many people the rent figure will be the immediate number to watch.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Malak a good place to invest?

Accepted Answer

Unit values in Malak climbed 30.7% over the past 12 months, while house values also rose strongly, up 25.8% in the same period. House rents increased 10.2% over the year, so overall property prices have risen more sharply than the rent a house earns.

If you care most about capital growth, those value increases are the figures to focus on; if rental income is your priority, the 10.2% rise in house rents is the relevant movement. Whether that mix makes Malak a suitable investment for you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$630K	N/A
Change in value Past 12 months	25.8%	30.7%
Sold Past 3 months	15	7
Median days on market Past 12 months	59	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	10.2%	N/A

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