Karama is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0812). With a population of 4,803, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $93K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Karama is $435,000, having dropped significantly 12.8% over the past year. Units have a median price of $235,000 (-8.2% YoY). The median weekly rent is $293 (Census 2021). This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,950.
Karama is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 888, which is well below the national average of 1,000. Public transport access includes 27 bus stops.
From an investment perspective, Karama offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($435K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved -12.8% year-on-year.
Karama is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0812). With a population of 4,803, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $93K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Karama is $435,000, having dropped significantly 12.8% over the past year. Units have a median price of $235,000 (-8.2% YoY). The median weekly rent is $293 (Census 2021). This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,950.
Karama is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 888, which is well below the national average of 1,000. Public transport access includes 27 bus stops.
From an investment perspective, Karama offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($435K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved -12.8% year-on-year.