At number 1548th in the list of Australian suburbs ordered by increase in median house value over the last year, Karama, 0812 is in the top 40% with a property value increase of 1.33% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Karama,0812 has racked up an average of 1.33% over the period. This ranks it number 3983th in the whole country for real estate investors looking at median house price increases.
Karama, 0812 is offering NT ‘s 6th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NT.
In the last year 43 properties changed hands in Karama, which puts it as the 7th most active market in NT when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 5.75% based on the median price in Suburb
Renters in Suburb are facing rents around $16380 per annum or $315 every week.
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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.
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.