Property investors who have had real estate in Karama, 0812 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.80%
Across a shorter period, Karama, 0812 has seen a median price increase of -2.68% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Karama, 0812. Typically our figures indicate that -8.40% is being offered, which puts this NT suburb at 692th most discounted overall in Australia.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Property investors should expect to get $485 weekly from the median priced house in this suburb.
Property value increases in Karama have tracked just lower than the NT average of -4.08% over the last 12 months.
A -4.41% growth in median value for property investors in Karama,0812 puts this suburb at number 23th in terms of best performing suburbs in NT
Situated 14km from the Darwin CBD, Karama is one of the capital city’s northern suburbs with plenty of potential for investorsFull summary
Information supplied by:
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.