Karama, NT 0812: Suburb Profile & Property Report

Market Report

House report
Unit Report

Karama has 40 houses available for sale. The median property price for a house is currently $450,000 with annual capital growth of -4.26% . There were 37 house sales in the past 12 months. On average, houses spend 70 days on market.

If you're thinking about buying an investment property in Karama, consider that rental yields for houses are currently 6.75% with an average median rent of $570 weekly. Houses have seen 0.00% growth in the past quarter, and -4.26% growth in the past 12 months.

The size of Karama is approximately 2.1 square kilometres. It has 15 parks covering nearly 6.3% of total area. The population of Karama in 2011 was 4,844 people. By 2016 the population was 4,927 showing a population growth of 1.7% in the area during that time. The predominant age group in Karama is 10-19 years.

Households in Karama are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Karama work in a professional occupation. In 2011, 59.2% of the homes in Karama were owner-occupied compared with 57.6% in 2016.

Karama has 13 units available for sale. The median property price for a unit is currently $252,500 with annual capital growth of -7.41% . There were 12 unit sales in the past 12 months. On average, units spend 61 days on market.

If you're thinking about buying an investment property in Karama, consider that rental yields for units are currently 9.70% with an average median rent of $450 weekly. Units have seen -2.85% growth in the past quarter, and -7.41% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$450,000	$252,500
Quarterly growth	0.00%	-2.85%
12-month growth	-4.26%	-7.41%
Average annual growth	+3.17%	–
Weekly median rent	$570	$450
Gross rental yield	6.75%	9.70%
Number of Sales (12m)	37	12
Avg. Days on Market (12m)	70	61

Jump to Market Trends

Key Demographics	2011	2016
Total population	4,844	4,927
Population change (5y)	+1.40%	+1.70%
Median household income (p/w)	$1,610	$1,838
Household income change (5y)	+31.11%	+14.16%
Median age of persons	31	33

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Karama is $450,000 for houses and $252,500 for units.

The Median Growth in Karama over the past 12 months is -4.26% for houses and -7.41% for units.

Over the past 12 months there were 37 houses sold and 12 units sold in Karama. On average, houses spent 70 days on market and units spent 61 days on market.

In the past 12 months up to August 2024 there were 37 houses sold and 12 units sold in Karama. On average, houses spent 70 days on market and units spent 61 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Karama is $570 for houses and $450 for units.

The Rental Yield in Karama is 6.75% for houses and 9.70% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Karama was 4,927 in 2016, a +1.70% change compared to 2011.

The predominant age group in Karama is 10-19 years.

The population of Karama was 4,927 in 2016, a +1.70% change compared to 2011.

The predominant age group in Karama is 10-19 years.

Most of the population in Karama were born in Australia.

Most of the population in Karama report their religion as No Religion.

Most of the population in Karama report their religion as Catholic.

Most of the population in Karama report their income range as between $78,000 and $130,000 .

The median household income in Karama was $1,838 in 2016, a +14.16% change compared to 2011.

Most of the population in Karama report their income range as between $78,000 and $130,000 .

The median household income in Karama was $1,610 in 2011, a +31.11% change compared to 2006.

Most of the population in Karama work as Professional.

Most of the population in Karama work as Trades.

The chart below demonstrates the various levels of education in Karama.

Most of the population in Karama reached a qualification level of Certificate.

2011 2016

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