Property value increases in Karama have tracked lower than the NT average of -1.73% over the last 12 months.
Comparing Karama,0812 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Karama0812 is located in NT which offers an average discount of -7.59% to property investors. Karama itself is showing figures that indicate -8.99% is the average achievable by property buyers investing in the suburb.
In the last year 40 properties changed hands in Karama, which puts it as the 9th most active market in NT when comparing the number of sales per suburb.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
At number 1411th in the list of Australian suburbs ordered by increase in median house value over the last year, Karama, 0812 is in the BOTTOM 20% with a property value increase of -4.64% recorded in median house prices.
Karama,0812 was ranked 452 in Australia by increase in median property value over the quarter.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.
Situated 14km from the Darwin CBD, Karama is one of the capital city’s northern suburbs with plenty of potential for investorsFull summary
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Situated 14km from the Darwin CBD, Karama is one of the capital city’s northern suburbs with plenty of potential for investors.Close
For one, it already has access to excellent amenities.
Families and young couples won’t mind the fact that it takes 15 minutes to get to the city because there are plenty of shopping, dining and education options in Karama itself.
This includes the handy Karama Shopping Centre, but it is also just a short drive to Casuarina Square, which is the largest shopping centre in the Northern Territory.
As well as there being lots of schools located in the suburb, it also boasts plenty of parks and the Marrara Sporting Complex.
The tight demand in the suburb is indicated by the vacancy rate of just 2.02%, according to Real Estate Investar.
And its median house price of $567,000 is cheaper than neighbouring suburbs such as Leanyer ($615,000).
The rental yield of 5% is also not too shabby.
There are large houses on large blocks which are ideal for families on the quiet streets of Bernier Ct and Baudin Ct.
Three- or four-bedroom houses can be picked up on these streets for less than $550,000.
Properties in this area are close to bus services and are only minutes from the Casuarina Shopping Centre, schools, medical facilities and the beach.