With a capital gain of -2.00% for the last 12 months, Karama, 0812 has performed for property investments than its average annual 4.31% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Karama comes in at number 34th in NT.
Vendor discounting in Karama is giving property investors an average Vendor Discount of around -8.06%. This puts suburb at number 13th in NT when ranking the most discounted suburbs.
Karama, 0812’s gross rental yield is 5.09%
NT has seen average median house prices change by -2.10% which means that Karama, 0812 has not done well for property investors by showing a capital gain of -17.14% over the last year
While Karama,0812 ranked number 10th in NT for increase in median house value (annualised) increase, it is ranked 13th over the last 5 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.