Karratha Market Update 1st Half 2026
In Q4 2025, Karratha* recorded a median house price of $806,250,and a median unit price of $530,000.This is an annual (Q4 2024 – Q4 2025) price growth for houses of 25.0% and 35.9% forunits. Sales declined between Q4 2024– Q4 2025,by -49.2% (to 65 for houses in Q4 2025) and by -6.9% for units (to 27sales in Q4 2025). Both houses and units are experiencing an undersupply, as price growth is alongside fewer sales. This suggests an ideal time for owners to capitalise ontheir investments. There are quite a few residential projects planned, however the number ofnew houses planned is still below Q4 2025sales. Thus, price growth is still highly likely. 28 $806K $530K
Karratha will see approximately$337.5M ofnewprojectsdueto commence constructionbetween2023and2027.
HOUSE SALES
FROM LAST HOUSE MEDIAN PRICE HOUSE RENTAL PRICE
SALES
PRICE
RENTAL PRICE
MEDIAN PRICE Q4 2025
HALF YEAR
Commercial and infrastructure projects planned in 2023-2027will stimulate economic growth and create new jobs in Karratha. This canhave a spill-over impact onreal estate, in terms of higher demand for housing stock.
Between 2023-2027Karratha* area is set to create more supply through:
• Lot 481 Bajamalu Drive Townhouses & Apartments (20Apartments & 17 Townhouses) (Local Government)
AVERAGE DAYS ON MARKET Q4 2025
MEDIAN PRICE Q4 2025
AVERAGE DAYS ON MARKET Q4 2025
• Jadura Crescent Apartments & Grouped Dwellings (20 Apartments & 17Dwellings)
The incoming supply of ready-to-go stock could assist with the growing demand, which will encourage a more sustainable price growth. Thatsaid construction does take time, thus in the short term more price growth is likely.
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
In the past 12months to Q4 2025 average vendor discount for houses have swung from a discount to a premium, of 2.0%. Average vendor discount for units remain at a discount, but at a tighter percentage of-0.1%. The house market now favours sellers, as buyers must offer higher than the first list price. Unit buyers can still benefit from a discount; butit is inching towards a premium and a shift towards a seller’s market. Thus buyers must act fast.
The City of Karratha has historically been an affordable option compared to the Broome Local Government Area (LGA) in median house and unit prices. This continued to be the case for houses in 2025#. However, City of Karratha saw its median unit prices becoming a premium in 2025#
The dominant proportion of homes sold in Karratha* in 2025# were in the most affordable price point of less than $649,999(40.6%), but there were also some sales in the middle price bracket of $750,000- $849,999(19.4%). Most unit sales (26.6%) were also in the most affordable price bracket of less than $399,999; butthere were also many sales in the upper price bracket of $500,000-$599,999 (25.0%). Thus, there is an opportunity for every budget.
MARKET COMPARISON
BREAKDOWN 2025#
Less than $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999 $700,000 and above
City of Karratha House Broome LGA House
City of Karratha Unit Broome LGA Unit
RENTAL GROWTH 2025€
House rental yields in Karratha¥ was 9.7%in December 2025,higher than the City of Karratha (8.2%) and Perth Metro (3.8%). This was paired with a 4.2%increase in median house rental price in the past 12 months to Q4 2025,at $1,250per week. The number of houses rented also increased, by 1.4% in the past 12 months, to70 rentals in Q4 2025. This indicates a highly demanded house rental market in Karratha¥, which is beneficial to investors.
3-bedroom houses have provided investors with +21.1% rental growth annually, achieving a median rent of $1,150per week.
Karratha¥ recorded a vacancyrate of 0.9% in December 2025,slightly higher than the City of Karratha 0.6%and Perth Metro 0.7% average. That said, vacancy rates in Karratha¥ decreased in the past 12months, indicating a tighter rental market. Moreover, a 0.9% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes. Combined with a high rental yield and median house rent price growth there is an ideal environment for investors; and more affordable than Perth Metro.
RENTAL VACANCY RATES 2025
Karratha¥
Karratha (6714)
PROJECT DEVELOPMENT MAP 2023-2027 ₳
KARRATHA
3
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REFERENCES
* Karratha sales market data and key indicators encapsulates aggregate property market conditions within the suburbs of Baynton, Nickol, Dampier, Bulgarra, Pegs Creek and Millars Well.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for the 2025 full year (01/01/2025-31/12/2025).
€ Annual rental growth is a comparison between Q4 2024 (01/10/2024 – 31/12/2024) and Q4 2025 (01/10/2025 – 31/12/2025) house median rent figures.
¥ Karratha rental market data encapsulates aggregate property conditions within the postcode of 6714.
§ Rental yields and vacancy rates shown are as reported as of December 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the suburb of Baynton, Nickol, Dampier, Bulgarra, Pegs Creek and Millars Well.
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2026.
