Karama is in the bottom 40% in NT when comparing median price capital growth over the last year. Karama gave property investors a disappointing capital gain figure when compared to the rest of the state, with -8.59%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Karama has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Karama 0812 should be seeing an average reduction in asking price of around -9.27% . This means that Karama is holding prices well when compared to other suburbs in NT.
On average over the past year, suburb has had 4.42 sales per month, which equates to 53 per year.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
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.