Question 1

Is Pegs Creek a nice place to live?

Accepted Answer

Pegs Creek is a quiet residential suburb of Karratha in the Pilbara, framed by red earth and the nearby northern coast. It is mainly single-storey homes on generous blocks, with street trees, parks and sporting grounds that give it a settled feel. The community numbers about 2,050 people with a median age of 33, and households are dominated by couples; renters make up a larger share of dwellings than owner-occupiers (61.4% rented).

Everyday conveniences and open space are close at hand, including Pegs Creek Primary School, the Pegs Creek Pavilion and The Youth Shed on Hillview Road, which hosts the Karratha Skate Space, plus parks such as Dodd Court and Waters Park. The City of Karratha’s revitalisation masterplan for older suburbs includes a proposed Green Link pedestrian connection and staged neighbourhood renewals, and council planning lists playground, skate/pump-track and community facility upgrades. That mix suits people who want easy access to Karratha’s services while living in a quieter residential pocket; whether it suits you comes down to what you’re after.

Question 2

Is it expensive to live in Pegs Creek?

Accepted Answer

Rents in Pegs Creek sit high against local incomes as recorded at the last Census. A house at $1,300 a week would take about 53.7% of the median household's weekly income of $2,420, and a unit at $1,200 a week would take about 49.6%.

By the usual bands those rent shares are a large share of income, so for renters these costs would use roughly half of what a typical local household earned at the last Census. Whether that feels expensive depends on your own income and circumstances.

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 Pegs Creek a good place to invest?

Accepted Answer

Unit values in Pegs Creek climbed 47.9% over the past 12 months, a strong rise, while median house values increased 20.4%. On the income side, house rents jumped 30.0% and unit rents rose 20.0% during the same period.

Put simply, unit prices were the biggest mover on the capital growth side, while houses delivered the larger rental-income increase this year. Which of those outcomes matters to you depends on your own investment 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	N/A	N/A
Change in value Past 12 months	20.4%	47.9%
Sold Past 3 months	7	7
Median days on market Past 12 months	10	20
Average rent Past 12 months	$1300	$1200
Change in rent Past 12 months	30.0%	20.0%

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