Karratha Property Market Update 1st Half 2026
Karratha is a vibrant town located in the heart of the Pilbara region of Western Australia. It is known for stunning red desert plains, rugged coastlines, and mining and energy industries. Karratha offers a unique blend of natural beauty and modern infrastructure.
Property Trends
In Q4 2025, Karratha recorded a median house price of $806,250, and a median unit price of $530,000. This represents an annual (Q4 2024 – Q4 2025) median price growth for houses of 25.0% and 35.9% for units. Total sales declined between Q4 2024 – Q4 2025, by -49.2% (to 65 for houses in Q4 2025) and by -6.9% for units (to 27 sales 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 on their investments. There are quite a few residential projects planned, however the number of new houses planned is still below Q4 2025 sales. Thus, price growth is still highly likely.
Project Development
Karratha will see approximately $337.5M of new projects commencing construction between 2023–2027. There is new residential stock in the pipeline between 2023–2027 of 120 units/apartments, 17 townhouses, and 48 dwellings. The incoming supply of ready-to-go stock could assist with the growing demand, which will encourage a more sustainable price growth. That said, construction and building new stock can take time, thus in the short term higher property prices are more than likely.
Rental Market & Growth
House rental yields in Karratha were 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 $1,250 per week. The number of houses rented also increased, by 1.4% in the past 12 months, to 70 rentals in Q4 2025. The same pattern can be seen in the unit rental market. Overall, this indicates a highly demanded house and units’ rental market in Karratha, which is beneficial to investors.
Vacancy Rates & Property Investment
Karratha recorded a vacancy rate of 0.9% in December 2025, slightly higher than the City of Karratha 0.6% and Perth Metro 0.7% averages. That said, vacancy rates in Karratha decreased in the past 12 months to December 2025, indicating a tighter rental market. Moreover, a 0.9% vacancy rate is significantly 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 rent price growth there is an ideal environment for investors; one that is more affordable than Perth Metro.
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