At number 3479th in the list of Australian suburbs ordered by increase in median house value over the last year, Karama, 0812 is in the BOTTOM 20% with a property value increase of -4.81% recorded in median house prices.
Karama,0812 has offered an average of -4.81% return per annum in house price rises to property investors over the last three years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.73% offered to property buyers. Sellers in Karama itself are offering an average vendor discount of -7.86% to real estate investors.
The NT suburb of Karama, 0812 is in the Darwin local government area.
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 -9.97%
When looking at the potential capital gains offered to property investors over the last 3 years, Karama comes in at number 15th in NT.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.96%, investors should hope to achieve an overall return of 5.28%
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.