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Karama

POSTAL CODE: NT, 812
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Property investors have seen a 5.77% 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 19.57%.

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 $550,000

Profits averaged 5% 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 $627.5 based on current median home prices for the suburb.

The gross rental yield in KARAMA, 812 is 5.93%.

An average of 6.58 real estate transactions take place per month in KARAMA which translates to 79 per annum.

Surburb overview

"Karama is a welcoming and family-friendly suburb located in the Northern Territory and falls under the jurisdiction of the City of Darwin, offering residents a relaxed suburban lifestyle with access to essential amenities and a strong sense of community.

Karama is situated approximately 13-14 kilometres northeast of Darwin’s central business district (CBD). While it provides a peaceful suburban atmosphere, it remains within a reasonable commuting distance to the heart of the city.

With a population of around 8,500 residents, Karama is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Karama enjoys efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Karama Primary School and nearby Sanderson Middle School. The Casuarina Square Shopping Centre, just a short drive away, offers a variety of retail shops, dining options and entertainment facilities.

Karama presents various recreational opportunities. The Karama Shopping Plaza features a range of local shops and services, making daily errands convenient. Nearby green spaces and parks, such as Karama Reserve and the Leanyer Recreation Park, provide opportunities for outdoor activities, picnics and relaxation.

Karama offers a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "

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