Why it pays to have a principal and interest loan
Owner-occupiers who are paying principal and interest on their mortgage are being rewarded by the financial institutions with a lower intere...
Property investors have seen a 0% 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 $380,000
Profits averaged -6.58% per annum over a 3-year period, due to an downward trend in home prices in KARAMA, 812.
This means, real estate investors could earn a rental income of $415 based on current median home prices for the suburb.
The gross rental yield in KARAMA, 812 is 5.68%.
An average of 4.17 real estate transactions take place per month in KARAMA which translates to 50 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $380,000 | $212,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 3.66% |
| Median 12 month | -4.4% | N/A |
| Median 3 years | -19.75% | N/A |
| Median 5 years | -32.14% | -48.04% |
| 10 years average annual | -0.77% | 1.62% |
| Weekly media advert. rent | $415 | $300 |
| Time on Market | 103.7 days | 129.1 days |
| Gross Rental Yield Percent | 5.68% | 7.34% |
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