Pegs Creek (postcode 6714) is a smaller suburb in Western Australia within the Karratha local government area. The area has roughly 2,050 residents and a blend of families and working-age professionals, with a median age of 33. Households earn a median income of $126K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, labourers. Employment in the area leans toward mining and construction. The top ancestries reported are English, Australian, Aboriginal Australian.
Pegs Creek has a median house price of $650,000, which has climbed sharply by 20.1% year-on-year. The current median weekly rent is $1100. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $1,733.
Healthcare facilities include 1 public hospital.
From an investment perspective, Pegs Creek shows a gross rental yield of approximately 8.8%, rated as high yield. Property prices sit below the state median ($650K/$1.0M), which can point to relative value. The price-to-income ratio of 5.2x is considered affordable. House prices have moved +20.1% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.