Property investors have seen a -1.19% 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 $373,000
Profits averaged -6.3% 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 $390 based on current median home prices for the suburb.
The gross rental yield in KARAMA, 812 is 5.44%.
An average of 3.83 real estate transactions take place per month in KARAMA which translates to 46 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $373,000 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.19% | -1.15% |
| Median 12 month | -3.12% | N/A |
| Median 3 years | -18.91% | N/A |
| Median 5 years | -33.33% | -41.66% |
| 10 years average annual | -1.85% | 1.54% |
| Weekly media advert. rent | $390 | $290 |
| Time on Market | 132.6 days | 0.0 days |
| Gross Rental Yield Percent | 5.44% | 7.01% |
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