OFF MARKET

80 Malak Crescent
Malak NT 0812

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4050m2
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Property Details for 80 Malak Cres, Malak

Building Type
Commercial
Land Size
4050m2
Local Government
Darwin
Lot/Plan
Loc 685 Lot 4944/S 80/105

Last Listing description (January 2016)

A second chance at this great development opportunity! So don't miss out.
A substantial holding of 4,050m2 it is well located in the northern suburbs. It has a substantial frontage of 70m to Malak Crescent and is unencumbered.
Zoned for Community Purpose it is well suited for a Child Care facility amongst other uses.

The buildings on the property include a large church / community hall, able to be adapted to alternative uses, plus adjoining ablution block.
There is a separate administrative building providing office and accommodation.
For further details contact Martin Gore 0417 850 933.

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Property History for 80 Malak Cres, Malak, NT 0812

A timeline of how this property has performed in the market
Last Sold
$1,045,000
06 Nov 2015
  • 06 Nov 2015
    Sold for $1,045,000
  • 09 Sep 2015
    Listed for Sale $1,000,000 + GST
  • 06 Mar 2015
    Listed for Sale Expression of Interest - Closes 4pm Fri 10th April

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About Malak 0812

The size of Malak is approximately 1.8 square kilometres. It has 6 parks covering nearly 14.9% of total area. The population of Malak in 2011 was 3,309 people. By 2016 the population was 2,997 showing a population decline of 9.4% in the area during that time. The predominant age group in Malak is 30-39 years. Households in Malak are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Malak work in a professional occupation. In 2011, 57.2% of the homes in Malak were owner-occupied compared with 58.8% in 2016.

Malak has 1,155 properties. Over the last 5 years, Houses in Malak have seen a 19.40% increase in median value, while Units have seen a 25.20% increase. As at 30 September 2024:

  • The median value for Houses in Malak is $530,562 while the median value for Units is $292,454.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 5 properties listed for sale, and 2 properties listed for rent in Malak on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Malak.

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