Jordan James
22A Bond Place, Pegs Creek, WA 6714
Set Date Sale 11th August 2026 4PM
2 1 2
Open Saturday 8 August 10:00 am🏛️ About This Suburb (Last Updated Date: 2026-03-06)
History, Aboriginal heritage, and the story behind the name.
Pegs Creek — Ngarluma Country
Pegs Creek was developed in the early 1970s as one of the original residential precincts for the Karratha townsite. It was designed to provide housing for the rapidly expanding workforce of the Hamersley Iron (now Rio Tinto) operations.
Today, it is considered one of Karratha's more 'mature' suburbs, characterized by established trees and gardens that offer a reprieve from the Pilbara heat.
Overall Score
7.2
A solid performer for families and investors, balanced by high environmental risks.
Name Origin
Named after the local Pegs Creek waterway which traverses the area.
Established
Gazetted 1972
Greenery
Home to Cattrall Park, one of Karratha's premier green spaces.
Development
Features a mix of original 1970s builds and modern redevelopments.
Education
Hosts the highly regarded Pegs Creek Primary School.
📊 Scorecard
12 key dimensions scored 0–10. Each score includes a one-line explanation.
Market Momentum
7.5
Strong demand driven by resource sector expansion and limited housing supply.
Amenity
8.5
Excellent access to Karratha City Shopping Centre and major recreational parks.
Schools
7.8
Home to a central primary school with a strong community reputation.
Transport
5.5
Highly car-dependent, though centrally located within the Karratha townsite.
Risk Profile
3.5
Significant exposure to cyclones and extreme heat impacts insurance and maintenance.
Liveability
7.9
High quality of life for families due to parks, schools, and central services.
Demographics
7.2
High-income workforce with a significant proportion of young families.
Rental Demand
8.8
Extremely tight vacancy rates typical of major resource hubs.
Growth Potential
7.0
Linked to long-term iron ore and gas projects in the Pilbara region.
Affordability
6.2
Relatively high entry costs compared to regional averages, though cheaper than Baynton.
Crime & Safety
6.5
Generally safe, but standard regional precautions against opportunistic theft are required.
Walkability
6.8
Better than most Karratha suburbs due to central proximity to the CBD.
⚡ Quick Snapshot
Key metrics at a glance, plus your top advantages and watch-outs.
Median House
$645,000
Projected March 2026
Annual Growth
4.8%
Past 12 months
Gross Yield
9.2%
High investor returns
Vacancy Rate
0.9%
Critically undersupplied
Family Ratio
68%
Predominantly families
Avg Summer High
38°C
Extreme heat conditions
✅ Key Advantages
- Central location within walking distance to Karratha City Shopping Centre.
- Established landscaping and mature trees providing better shade than newer suburbs.
- Proximity to Cattrall Park, featuring playgrounds and community event spaces.
- Strong rental yields often exceeding 9% gross.
- Large residential blocks typically ranging from 700sqm to 900sqm.
⚠️ Key Watch-Outs
- High prevalence of older homes containing asbestos materials.
- Extreme home insurance costs due to Cyclone Region D classification.
- High electricity costs for air conditioning during summer months.
- Market volatility linked directly to the global iron ore and LNG cycles.
- Limited public transport options outside of school bus routes.
🏘️ Suburb Overview
Character, property mix, price range and what drives value here.
🏙️ Character
Established Family
How this suburb feels day-to-day.
🏠 Property Types
Mostly detached single-storey houses, some duplexes and units.
Dominant dwelling stock.
💰 Price Range
$550k – $850k
Typical entry to ceiling.
💡 Why It Matters
Pegs Creek offers a 'middle ground' in Karratha, providing more space and character than the CBD but at a lower price point than the premium hills of Baynton.
💰 Price Guide & Market Trends
Medians, rental market, 5-year history and property split.
🏠 House Median
$645,000
$580k – $820k
🏢 Unit Median
$415,000
$380k – $460k
📈 Price Trend
+4.8% past 12 months
12-month movement
🔑 Weekly Rents
Houses $1,100pw, Units $750pw
Current asking rents
📉 5-Year Price History
🏘️ Property Type Split
Prices have stabilized after a period of rapid post-COVID growth, but low supply continues to put upward pressure on both sales and rentals.
🎯 Affordability
How this suburb compares to metro and state medians.
🏙️ vs Metro Average
15% below Perth metro median
Price comparison
📋 Income Ratio
4.2x average local household income
Median price ÷ median income
💳 Gross Yield
9.2% gross yield
Estimated rental yield
More AffordableModeratePremium
Entry levelMid rangePremium
While house prices are lower than Perth, the cost of living (insurance, power, groceries) is significantly higher, impacting overall serviceability.
🔥 Rental Demand
Vacancy rates, demand pressure, tenant profile, and investor outlook.
📊 Vacancy Rate
0.9%
Lower = tighter market
⏱️ Days to Lease
16 days
Avg time on market
📈 Rent Growth p.a.
+8.5%
Annual rental increase
Demand Level
Very High
👤 Tenant Profile
Mining professionals, government employees, and young families.
💼 Investor Outlook
Extremely attractive for cash-flow investors due to high yields, though capital growth is cyclical and tied to major project approvals.
🚀 Growth Potential
Historical capital growth, infrastructure pipeline, and 5-year outlook.
+4.8%
1-Year Growth
+18.5%
3-Year Growth
+33.0%
5-Year Growth
📍 Growth Drivers
- Expansion of the Scarborough Gas Project.
- Ongoing demand for iron ore exports.
- State government investment in Pilbara regional infrastructure.
- Severe local housing shortage limiting supply.
⛔ Headwinds
- Potential downturn in global commodity prices.
- Increasingly prohibitive insurance costs.
- High construction costs deterring new supply.
🔮 5-Year Outlook
Steady growth expected as long as resource projects remain active, though the market remains sensitive to global economic shifts.
🛡️ Crime & Safety
Safety index, trend comparison, and what to check locally.
6.5
Safety Score
Average
📉 Trend
Stable
vs last 12 months
🏙️ vs Metro Average
12% above metro average for opportunistic theft
Relative comparison
Risk Categories
Property Crime: Medium
Personal Safety: Low
Vandalism: Medium
📋 What to Check Locally
Prioritize properties with secure fencing, sensor lighting, and security screens. Local crime is often opportunistic.
⚠️ Risk Profile
Natural hazards and planning risks to verify before buying.
📋 Summary
Environmental factors dominate the risk profile, with cyclones being the primary threat to property integrity and financial holding costs.
🌊 Flood Risk
Low risk for most areas, but properties bordering Pegs Creek should check local flood mapping for seasonal surge.
🔥 Bushfire Risk
Low risk due to urbanized landscape and managed parklands.
🏦 Insurance Impact
Critical. Premiums can exceed $5,000-$8,000 per annum. Ensure the property has a current Cyclone Inspection Certificate.
🗺️ Planning & Zoning
Development controls, overlays, and what's changing locally.
📐 Typical Zoning
R20/R40 Low to Medium Density
🔲 Overlays
Cyclone Region D Construction Standards
🏗️ Development Hotspots
Infill sites near the Karratha City Shopping Centre.
Zoning allows for some density increase, but high build costs make small-scale development challenging.
🌳 Liveability
Day-to-day experience — transport, amenity, green space, schools and healthcare.
🚌 Transport
Limited; car ownership is essential for daily life.
🛍️ Amenity & Retail
Excellent; walking distance to major retail, cinema, and dining.
🌲 Parks & Recreation
Superior; Cattrall Park is a major regional asset with high-quality facilities.
🏫 Schools
Very Good; Pegs Creek Primary is a central pillar of the community.
🏥 Healthcare
Good; proximity to the Karratha Health Campus (approx. 5-minute drive).
👥 Demographics
Who lives here — income, age, ownership, and education levels.
A young, affluent workforce dominated by the mining and construction industries.
💵 Median Income
$135,000 pa (Household)
🏠 Ownership
35% owner-occupied, 60% renting (including company housing)
🎂 Age Profile
Median age 32
🎓 Education
High vocational training (TAFE) and engineering backgrounds.
📊 Age Distribution
The high rental percentage is skewed by company-provided housing, which provides a stable floor for the rental market.
🏗️ Major Developments
Infrastructure pipeline and what it means for values and liveability.
📋 Overview
Focus remains on the Scarborough LNG project and regional hospital upgrades.
📈 Positive Impacts
- Increased long-term workforce housing demand.
- Improved local healthcare services.
- Enhanced retail offerings in the CBD.
📉 Negative Impacts
- Increased traffic on Dampier Road.
- Rising cost of local services due to labor competition.
🗺️ Nearby Suburb Comparison
How neighbouring suburbs stack up on price, lifestyle and who they suit.
📍Bulgara
Position
East
Price
Slightly cheaper
Lifestyle
Older, more original housing stock.
Best for
First home buyers and budget investors.
📍Baynton
Position
West
Price
Significantly more expensive
Lifestyle
Modern, hilltop views, newer builds.
Best for
Executive families and corporate leases.
📍Nickol
Position
North-West
Price
Comparable
Lifestyle
1990s-2000s builds, further from CBD.
Best for
Families seeking mid-aged homes.
🔍 Similar Suburbs
Suburbs with a comparable profile — useful if this one is over budget or sold up.
Port Hedland
WA
6.8/10
Major iron ore hub with similar climate and housing pressures.
Newman
WA
6.2/10
Resource-dependent town with high company housing presence.
Moranbah
QLD
7.0/10
Strong family community in a high-yield mining town.
Dysart
QLD
6.5/10
Cyclical market with extreme rental demand.
💬 Community Sentiment
Aggregated themes from resident discussions, forums and local feedback.
📊 Overall Community Sentiment
Residents value the 'green' feel of the suburb and the convenience of being near the shops, though the summer heat and cost of living are constant talking points.
★★★★★
Community feel
We love the big trees in Pegs Creek; it feels much more established and 'homely' than the newer estates.
Greenery
Atmosphere
★★★★☆
Investment
The rental yield is insane, but you have to budget for the massive insurance bills every year.
Yield
Insurance
★★★★★
Schools & Parks
Being able to walk the kids to Cattrall Park is the best part of living here.
Parks
Family Friendly
★★★☆☆
Cost of Living
Rents are sky-high and the houses are getting a bit old, but you're close to everything.
Rent Cost
Location
★★★★☆
Maintenance
Properties here need constant upkeep due to the harsh sun and salt air, but they never stay vacant.
Maintenance
Demand
★★★☆☆
Safety
It's generally quiet, but you do get the occasional noisy weekend or opportunistic theft if you leave things out.
Quiet
Security
💡 Tailored Advice
Personalised guidance for every role in this market.
🧑💼 Buyer Strategy
- Prioritize homes with a 'Cyclone Inspection Certificate' to ensure structural compliance.
- Check for asbestos, particularly in wet areas and eaves of original 70s builds.
- Look for properties with established shade trees to reduce cooling costs.
- Verify the age and efficiency of air conditioning units; replacement is a major expense.
- Negotiate based on the age of the roof tie-downs and general cyclone readiness.
- Confirm if the property is on a corporate lease, as this can affect vacant possession.
❓ Questions to Ask the Agent
- Does the property have a current Cyclone Inspection Certificate?
- What is the estimated annual insurance premium for this specific address?
- Has the property been tested for asbestos in the eaves or internal walls?
- Are the air conditioning units under warranty or recently replaced?
- Is the property currently under a corporate lease, and when does it expire?
- What are the typical water and electricity costs for this home in summer?
- Has there been any history of flooding from the creek during extreme weather?
- Are there any active termite management systems in place?
🏷️ Seller Strategy
- Ensure all cyclone shutters are functional and serviced before listing.
- Highlight proximity to Pegs Creek Primary and Cattrall Park in marketing.
- Provide a recent building and pest report to alleviate concerns about older structures.
- Professional landscaping to emphasize the 'green' character of the suburb can add value.
- Target investors by providing a clear history of rental income and yield calculations.
📣 Positioning Tips
Position the property as a 'ready-to-go' family home or a high-yield investment. Emphasize the lifestyle benefits of the central location and the mature, shaded environment.
💼 Investment Case
High-yield cash flow play with strong corporate tenant potential.
⚠️ Investment Risks
Market volatility, high holding costs (insurance/maintenance), and climate risk.
📈 Action Plan
- Seek properties with 3+ bedrooms to maximize appeal to families and companies.
- Secure comprehensive landlord insurance that specifically covers cyclonic events.
- Maintain a maintenance fund for high-wear items like AC and hot water systems.
- Consider a long-term corporate lease for guaranteed income stability.
🔑 Renter Tips
- Apply with all documentation ready; the market moves extremely fast.
- Check the electricity efficiency of the home before signing.
- Ensure there is adequate shaded parking for vehicles.
🏘️ What Renters Love Here
Close to shops and parks; established community feel.
⚠️ Renter Watch-Outs
High rents and potential for older, less efficient appliances.
🏢 Landlord Strategy
- Regularly service air conditioners to prevent costly mid-summer breakdowns.
- Keep trees trimmed away from rooflines to minimize cyclone damage risk.
- Ensure the property meets all modern safety standards for corporate tenants.
📋 Compliance & Management
Must adhere to WA Residential Tenancies Act and local cyclone safety regulations.
🤝 Agent Insights
- Stock is currently turning over faster than the Karratha average.
- Buyers are increasingly wary of insurance costs; have quotes or estimates ready.
- The 'walkability' to the CBD is a major selling point for non-FIFO residents.
🎯 Marketing Angles
The 'Green Heart of Karratha' – focusing on the established nature of the suburb.
👤 Target Buyer Profile
Young families looking for their first home and interstate cash-flow investors.
✅ Due Diligence Checklist
Tap items to tick them off. Don't skip these before signing anything.
✓
Verify Cyclone Region D structural compliance.
✓
Obtain a comprehensive building and pest inspection (focus on termites/asbestos).
✓
Request three years of insurance premium history.
✓
Check the age and condition of the roof and tie-downs.
✓
Confirm zoning and any potential for future development/subdivision.
✓
Inspect the condition of all split-system air conditioners.
✓
Review the City of Karratha's flood mapping for the specific lot.
✓
Check for any outstanding council orders or non-compliant structures.
✓
Assess the security features (screens, locks, sensor lights).
✓
Verify the proximity to the nearest cyclone shelter.
✓
Evaluate the potential for solar panel installation to offset power costs.
✓
Check the status of the local school catchment (Pegs Creek Primary).
📚 Government Sources & Disclaimer
Official council and government links only. Always verify independently before any property decision.
⚠️ Important Disclaimer
This report is based on projected data as of 2026-03-06 and is intended for informational purposes only. Real estate markets are subject to change. Buyers should conduct their own independent financial and legal due diligence before making any purchase decisions.
