Suburb Profile Report for Karama NT (0812)

Karama House: Median price $380,000, Annual capital growth -0.52%, Number of sales 43, Weekly median advertised rent $420

Karama Unit: Median price $200,000, Annual capital growth 2.76%, Number of sales 11, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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.

YIP MAG Information supplied by:

YIP MAG
July 2015

M
O

W
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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.
 

Metrics i HOUSE UNIT
$380,000 $200,000
-1.30% N/A
1.33% N/A
-0.52% 2.76%
$420 $315
43 11
5.75% 8.19%
99.6875 N/A

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4844
Median household income ($/weekly) 1607
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 871 18.0
    25-34 years 723 14.9
    35-44 years 715 14.8
    45-54 years 745 15.4
    55-64 years 476 9.8
    Others 1315 27.1
    Age Group
    Census Count Percent(%)
    Not Married 1449 45.1
    Registered Married 1361 42.3
    Defacto Relationship 404 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3144 71.4
    Papua New Guinea 87 2.0
    Philippines 227 5.2
    United Kingdom 124 2.8
    Other 381 8.7
    Others 439 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 252 5.9
    Christianity 2930 68.5
    Hinduism 29 0.7
    Islam 105 2.5
    No Religion 930 21.7
    Others 31 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 98 7.7
    $1,250-$1,499 125 9.9
    $1,500-$1,999 188 14.8
    $2,000-$2,499 182 14.4
    $2,500-$2,999 132 10.4
    Others 543 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1676 50.9
    Not in the labour force 820 24.9
    Employed, worked part-time 513 15.6
    Employed, away from work 187 5.7
    Unemployed, looking for work 97 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 391 16.5
    Technicians & trades workers 425 17.9
    Community & personal service workers 266 11.2
    Clerical & administrative workers 422 17.8
    Labourers 256 10.8
    Others 614 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.7
    Infants/Primary 471 36.8
    Secondary 435 34.0
    Technical or Further Educational Institution 73 5.7
    University or other Tertiary Institutions 183 14.3
    Others 32 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3617 80.8
    Semi-detached, row or terrace house, townhouse 466 10.4
    Flat, unit or apartment 393 8.8
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 629 43.6
    Rented 562 38.9
    Fully owned 250 17.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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