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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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KaramaKarama - SUBURB PROFILE REPORT
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Property investors have seen a 7.07% gain in KARAMA based on an increase in median home prices for the past three months.
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 $412,500
Profits averaged 3.33% 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 $475 based on current median home prices for the suburb.
The gross rental yield in KARAMA, 812 is 5.99%.
An average of 3 real estate transactions take place per month in KARAMA which translates to 36 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $412,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.07% | N/A |
| Median 12 month | 10% | N/A |
| Median 3 years | 10% | N/A |
| Median 5 years | -17.5% | N/A |
| 10 years average annual | -0.96% | N/A |
| Weekly media advert. rent | $475 | N/A |
| Time on Market | 55.5 days | N/A |
| Gross Rental Yield Percent | 5.99% | N/A |
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