Karama is an average performer in NT when comparing median price capital growth over the last year. Karama gave property investors a average capital gain figure when compared to the rest of the state, with -3.18%.
The five-year average increase in median property values for Karama,0812 has given property investors a potential capital gain of -32.14% across each of those five years.
Karama0812 is located in NT which offers an average discount of -7.50% to property investors. Karama itself is showing figures that indicate -11.81% is the average achievable by property buyers investing in the suburb.
A -47.10% growth in median value for property investors in Karama,0812 puts this suburb at number 2nd in terms of best performing suburbs in NT
Information supplied by:
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.