Karama has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -3.85% to date .
Taking the average capital gain, or increase in median house value, Karama,0812 has racked up an average of -3.85% over the period. This ranks it number 3663th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Karama is giving property investors an average Vendor Discount of around -7.74%. This puts suburb at number 19th in NT when ranking the most discounted suburbs.
Situated 10.42km from the CBD, Karama is one of Darwin localities in the postcode 0812.
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 -18.98%
If we look at median property appreciation over just the last three months, Karama has given property investors a paper return of -18.75%. This puts Suburb as 20 on a list of fastest fasting appreciating 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.