Karratha

WATier 1EmergingPositiveMid
63
/100
Policy
▲ STRONG UPGRADE
Rank #10 of 20

$650/wk rent at $490k is one of the best risk-adjusted yield profiles in Australia for a town with genuine long-term employment. Woodside's Pluto LNG trains are 30+ year assets. Cashflow positive by $8,320/yr pre-cost. High income residents make for reliable tenants.

Gross Yield
6.9%
Rent Growth
+5%
Price Growth
+7%
Vacancy
1.2%
Median Price
$490k
Weekly Rent
$650
Population
17k
Income Level
High
NG Dependence
None
National Rank
#10
80% LVR at 6.5% interest. Indicative only.
Annual Rent
$33,800
Annual Interest
$25,480
Net Pre-Costs
+$8,320
NG Required?
No
At 5% annual rent growth. Model estimate only.
PeriodWeekly rentAnnual rentvs. InterestStatus
Now$650/wk$33,800+$8,320Positive
Year 1$683/wk$35,490+$10,010Positive
Year 2$717/wk$37,265+$11,785Positive
Year 3$752/wk$39,128+$13,648Positive
Year 4$790/wk$41,084+$15,604Positive

$650/wk rent at $490k is one of the best risk-adjusted yield profiles in Australia for a town with genuine long-term employment. Woodside's Pluto LNG trains are 30+ year assets. Cashflow positive by $8,320/yr pre-cost. High income residents make for reliable tenants.

FIFO workforce means apparent vacancy can spike during roster transitions; commodity price sensitivity (though LNG contracts are long-term fixed); limited population growth ceiling; property management quality critical.

6.9% yield at $490k = $33,800 annual rent vs $25,480 interest = $8,320 positive pre-cost cashflow. Strongest absolute cashflow in the scan. No NG needed. LNG contract pricing locks in employment base for 20+ years.

Woodside Pluto LNG Train 2North West Shelf LNG (major operator)Offshore oil and gas servicesPort Hedland iron ore corridor overflow
63 / 100
Rental yield signal
+22
Rental momentum
+10
Yield vs. price spread
+6
Supply tightness
+9
Economic fundamentals
+13
Market liquidity
+6
Discovery discount
-3
Policy adjustment+6pts
Total score63

Benchmark Karratha against up to 3 other suburbs side-by-side.

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CoreLogic WA Q1 2025 · REIWA Karratha median Q4 2024 · SQM Research · Woodside investor presentation 2024 · Pilbara Regional Council housing report 2024

VintageQ1 2025 (indicative). All figures are model estimates compiled from public sources. Verify independently before making any investment decision. Not financial advice.

Monthly model updates, expanded suburb coverage, and investor research notes coming for early access subscribers.

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