Property value increases in Karama have tracked just lower than the NT average of 11.17% over the last 12 months.
The five-year average increase in median property values for Karama,0812 has given property investors a potential capital gain of -18.00% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.24% offered to property buyers. Sellers in Karama itself are offering an average vendor discount of -4.98% to real estate investors.
Using the current median advertised rental of $465 and the average annual increase in value of a median property of -1.29%, investors should hope to achieve an overall return of 5.90%
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.
Karama is 5th on a list of best yielding suburbs for rents in NT with a 7.46% return
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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.