Karama, 0812 ranked 25th in NT when comparing growth in median property values or capital gain over the last 12 months. Karama is one of 124 in our list for NT
While Karama,0812 ranked number 12th in NT for increase in median house value (annualised) increase, it is ranked 23th over the last 5 years.
The most recent median price for Karama is $473500, with sellers offering an average of -8.27% off the asking price.
Advertised rents are around the $470 mark per week – giving a return of 5.16% based on the median price in Suburb
NT has seen average median house prices change by -0.89% which means that Karama, 0812 has not done well for property investors by showing a capital gain of -22.22% over the last year
The five-year average increase in median property values for Karama,0812 has given property investors a potential capital gain of -16.42% across each of those five years.
Property investors should expect to get $350 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.