The size of Karaak Flat is approximately 7.7 square kilometres. The population of Karaak Flat in 2011 was 264 people. By 2016 the population was 47 showing a population decline of 82.2% in the area during that time. The predominant age group in Karaak Flat is 10-19 years. Households in Karaak Flat are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Karaak Flat work in a professional occupation. In 2011, 77.6% of the homes in Karaak Flat were owner-occupied compared with 64.7% in 2016..
Karaak Flat has 30 properties. As at 31 October 2024:
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