23/09/2026
Surrounded by striking red landscapes, rugged coastlines and a thriving resources sector, Karratha offers a unique blend of natural beauty and economic opportunity.
Here’s the latest snapshot:
🏠 Median house price: $785,000; up 15.4% YoY
🏢 Median unit price: $540,000; up 13.1% YoY
📉 Sales volumes: Houses down 42.0% (58 sales), units down 48.0% (13 sales), highlighting an undersupplied market across both property types
🏗️ New projects: ~$397.5M commencing between 2024-2027, including 120 units, 17 townhouses and 48 dwellings
🏡 Supply outlook: New housing stock will help meet demand over time, but construction constraints mean short-term undersupply is likely to persist, supporting further price growth
💸 Rental performance: Houses yielding 9.7%, outperforming Perth Metro (3.6%); median rent up 3.6% YoY to $1,450/week
📈 Rental demand: House rentals up 28.8% (76 rentals), confirming strong tenant demand
📉 Vacancy rate: 0.8%, well below the REIA's healthy benchmark of 3.0%, indicating quick occupancy and a tight rental market.
With double-digit price growth, exceptional rental yields and strong demand driven by the Pilbara economy, Karratha remains one of Australia's standout regional investment markets, with further growth potential as housing supply struggles to keep pace with demand.
Learn more about the Karratha market: https://tinyurl.com/Karratha-MU
PRD Real Estate Karratha
