Karama is an average performer in NT when comparing median price capital growth over the last year. Karama gave property investors a average capital gain figure when compared to the rest of the state, with -3.85%.
Karama,0812 has offered an average of -3.85% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Karama is giving property investors an average Vendor Discount of around -8.36%. This puts suburb at number 13th in NT when ranking the most discounted suburbs.
Residents and property investors in Karama have been waiting around 93.34 days to sell a property.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 4.61%, investors should hope to achieve an overall return of 4.99%
Karama, 0812 ranked 21th 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
Karama,0812 was ranked 1640 in Australia by increase in median property value over the quarter.
With the median price for a house in Karama being $290000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 6.46%
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.