Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors have seen a -1.3% drop in KARAMA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KARAMA, 812 saw average decrease 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 -7.04% 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 $420 based on current median home prices for the suburb.
The gross rental yield in KARAMA, 812 is 5.75%.
An average of 3.58 real estate transactions take place per month in KARAMA which translates to 43 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $380,000 | $200,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.3% | N/A |
| Median 12 month | 1.33% | N/A |
| Median 3 years | -21.12% | N/A |
| Median 5 years | -32.14% | -48.05% |
| 10 years average annual | -0.52% | 2.76% |
| Weekly media advert. rent | $420 | $315 |
| Time on Market | 99.6 days | 0.0 days |
| Gross Rental Yield Percent | 5.75% | 8.19% |
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