23 Sharpe AvenuePegs Creek WA 6714
Property Details for 23 Sharpe Ave, Pegs Creek
Last Listing description (September 2026)
9 leased & 2 vacant ground-floor strata tenancies across Karratha's 2 landmark towers.
Offered in one line or lot-by-lot. Government, engineering and hospitality covenants on a 2.9-year WALE, in a market running 1.7% unemployment and 0.2% residential vacancy.
PELAGO WEST - 23 SHARPE AVENUE
Lot 116 | 134sqm + 14sqm alfresco | $852,760 | Federal Government (Ministerial & Parliamentary Services)
Lot 121 | 126sqm + 37sqm alfresco | $710,700 | WA Government (Department of the Premier and Cabinet)
PELAGO EAST - 26 SHARPE AVENUE
Lot 175 | 120sqm + 13sqm alfresco | $710,700 | Legal Aid WA
Lot 178 | 110sqm + 11sqm alfresco | $655,950 | Stadium 26 (Under Offer August 2026)
Lot 179 | 352sqm + 60sqm alfresco | $2,256,225 | Stadium 26
Lot 181 | 85sqm + 21sqm alfresco | $552,500 | Vacant - bare shell
Lot 185 | 114sqm + 22sqm alfresco | $675,216 | Monson Agencies
Lot 186 | 106sqm + 20sqm alfresco | $942,948 | GHD Services
Lots 187 & 188 | 205sqm + 32sqm alfresco | $1,179,650 | School of Alternative Learning Settings (WA Dept of Education)
Property Overview
Pelago is Karratha's landmark mixed-use precinct.
It is 2 towers on the Sharpe Avenue developed by ASX-listed Finbar Group.
Completed in 2012 as the first high-rise ever built in the Pilbara.
Pelago West (23 Sharpe Avenue):
9 storeys, 114 apartments, ground-floor commercial podium, 25m pool, gym, sauna, spa, games room and secure undercover parking.
Pelago East (26 Sharpe Avenue):
174 apartments over Karratha's central hospitality strip, with Stadium 26, Burgermuma and Dessie O'Dowds at ground level.
Key Distances:
Karratha City Shopping Centre is a 2 min walk.
Red Earth Arts Precinct - a 478-seat auditorium, cinema, library and gallery is 4 mins on foot.
Karratha Health Campus is 3 minutes by car.
Karratha Airport, with direct jet services to Perth, is 12 mins away by car.
Karratha Economy
Karratha is the commercial and administrative capital of the Pilbara, servicing the iron ore, LNG and emerging green energy operations of Rio Tinto, Woodside, Yara and Perdaman.
Unemployment: 1.7% (Sept 2025) vs 3.3% across the rest of WA
Average taxable income: $116,777 - approximately 44% above the WA average
Workforce participation: 72.9% vs 59.4% rest of WA
Residential vacancy: 0.2% (June 2025) vs REIA's 3.0% healthy benchmark
Population: ~19,129 (Nov 2025), up 12.4% since 2021
Under construction: $6.5bn Perdaman urea project, $200m Dampier Wharf extension, $120m Bayview redevelopment
Committed: 305 Government Regional Officer Housing homes by 2030, co-funded by Rio Tinto ($100m), BHP ($50m) and Hancock ($20m)
For more information, contact the Agent:
Brett Wilkins
RWC (WA)
0478 611 168
brett.wilkins@raywhite.com
Richard Naulls
Ray White Karratha
0438 852 444
Richard.naulls@raywhite.com
*Approximately
Property History for 23 Sharpe Ave, Pegs Creek, WA 6714
- 14 Aug 2026Listed for Sale From $489,200 - $2,256,240
- 19 Jan 2017Listed for Rent - Price not available
- 13 May 2012Listed for Rent - Price not available
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0About Pegs Creek 6714
The size of Pegs Creek is approximately 4.5 square kilometres. There are 3 parks, covering nearly 1.5% of the total area. The population of Pegs Creek in 2016 was 1998 people. By 2021 the population was 2050 showing a population growth of 2.6% in the area during that time. The predominant age group in Pegs Creek is 30-39 years. Households in Pegs Creek are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pegs Creek work in a trades occupation.In 2021, 36.00% of the homes in Pegs Creek were owner-occupied compared with 23.50% in 2016.
Pegs Creek has 1,214 properties. Over the last 5 years, Houses in Pegs Creek have seen a 58.80% increase in median value, while Units have seen a 59.53% increase. As at 31 August 2026:
- The median value for Houses in Pegs Creek is $730,814 while the median value for Units is $481,156.
- Houses have a median rent of $1,400 while Units have a median rent of $1,200.
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