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Karama
AREA REPORTS

Karama

Karama - SUBURB PROFILE REPORT
POSTAL CODE: NT, 812

house
unit

Property investors have seen a 0.24% gain in KARAMA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on KARAMA, 812 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 11.84%.

Based on its average 5-year and quarterly capital gains KARAMA, 812 saw average growth in the long term.

The NT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $425,000

Profits averaged 3.7% per annum over a 3-year period, due to an upward trend in home prices in KARAMA, 812.

This means, real estate investors could earn a rental income of $522.5 based on current median home prices for the suburb.

The gross rental yield in KARAMA, 812 is 6.39%.

An average of 4.58 real estate transactions take place per month in KARAMA which translates to 55 per annum.

Data report can be found below

Karama
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 $232,750
GROWTH REPORT
Median Quarterly 0.24% 0.11%
Median 12 month 11.84% N/A
Median 3 years 11.11% N/A
Median 5 years -14.14% N/A
10 years average annual -0.85% 2.45%
Weekly media advert. rent $522.5 $370
Time on Market 55.8 days 0.0 days
Gross Rental Yield Percent 6.39% 8.27%
demographics (median values)*
Total Population
18873
Weekly Household Income
2028
Household Size
2.80
Age
35
Monthly Loan Repayment
2134
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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