City of Karratha, WA

Karratha City is located in the Pilbara region of Western Australia. It is situated on the Indian Ocean coast at the mouth of the westerly Gascoyne River. The city, which derives its name from a nearby Aboriginal word for “moon”, was established in August 1967 to support mining operations in the area. Karratha’s population expanded rapidly during the 1980s boom years of iron ore mining, peaking at over 18,000 residents in 1986.

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The City of Karratha covers an area of 5,417.8 square kilometres and is located in the northern Kimberley Region. The area includes the Hamersley Ranges which are characterized by steep cliffs, gorges and deep valleys. The coastline is largely inaccessible due to the coastal cliffs and narrow beaches. The climate is dominated by searing hot days during summer with average temperatures exceeding 40 degrees Celsius.

The City of Opportunity is situated in the Pilbara region of Western Australia. Karratha is a coastal city that has been one of the fastest-growing regional cities in the last few years. What makes it so unique? Well, for starters, it’s growing at an astonishing rate. The population has increased by 60% in just 3 years, with more people moving to the area every day. It’s also made up of some really interesting facts about Karratha:
-Karratha was originally founded on a sheep station on the coast of the Dampier Peninsula
-The first settlers were mainly sheep shearers
-Karratha was named after two Aboriginal words that mean “the place where water meets land”

The first thing you will notice on your way to Karratha is the highway exit which is the gateway to the town. The city of Karratha is actually a small town with a population of approximately 20,000 people, but it has grown rapidly since the construction of nearby LNG plants and other resource-related industries. The city has experienced major growth in recent years with plans for over $1 billion worth of redevelopment underway.

Karratha was officially named in 1962 after the original indigenous word meaning “place where water meets land”. It’s now an international port city with most exports being oil, gas and mineral resources. As one of Australia’s largest coastal ports, Karratha provides transport for goods between Asia and Europe or America.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

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Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

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5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

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Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

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Property Market in City of Karratha, WA

What LGAs neighbour City of Karratha, WA?

City of Karratha is surrounded by 1 other council area – Port Hedland.

Suburbs/localities in this Local Government Area: Mardie 6714 WA, Maitland 6714 WA, Sherlock 6714 WA, Dampier Archipelago 6713 WA, Cooya Pooya 6714 WA, Mount Anketell 6714 WA, Roebourne 6718 WA, Balla Balla 6714 WA, Point Samson 6720 WA, Gap Ridge 6714 WA, Burrup 6714 WA, Cleaverville 6714 WA, Antonymyre 6714 WA, Cossack 6720 WA, Gnoorea 6714 WA, Dampier 6713 WA, Stove Hill 6714 WA, Karratha Industrial Estate 6714 WA, Mulataga 6714 WA, Wickham 6720 WA, Whim Creek 6718 WA, Baynton 6714 WA, Nickol 6714 WA, Pegs Creek 6714 WA, Bulgarra 6714 WA, Millars Well 6714 WA, Karratha 6714 WA

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