Global Power | Local Knowledge | Uniquely Personal

Karratha market set for growth

Properties in Karratha offer yields of around ten per cent.

Karratha in Western Australia has been named as one of the areas where property values are likely to rise in the next 12 months.

Ryan Crawford, group director of Crawford Property Group, explained mining areas will be making a comeback in 2014, with yields in Karratha already around the ten per cent mark for long-term property investors.

Speaking to Your Investment Property, he stated that the market is likely to "spring back into action" in the coming year.

"For long term investors, a stable Karratha market with a more sustainable level of growth ahead of it is good news," said Mr Crawford.

He added that one of the reasons for this is that the area's population is expected to increase from its current figure of 18,000 to 50,000 by 2035 as a result of the WA government's Pilbara Cities initiative.

Lots of new property is already been built in Western Australia, figures from Master Builders Australia showed recently. Its data indicated that population growth within Australia will encourage more building in the future.

Posted by Craig Francis

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact

Subscribe Now