Katherine Municipality, NT

The Katherine Municipality NT property market is an interesting combination of residential, rural and commercial properties. There are plenty of reasons to buy in this region. Firstly, it is one of the few remaining affordable regions in Australia. Secondly, it has a diverse economy with many businesses requiring employees just starting out in the workforce. Thirdly, the people who live here are some of the friendliest in all of Australia!

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Are you considering purchasing property in this region? Here are some things you need to know about the local real estate market so you can make an informed decision when buying or selling your home.

Katherine is located in the Northern Territory of Australia. The capital of Northern Territory, Darwin, is 13 km south of Katherine and, as it is the largest city in the Northern Territory, many travelers choose to spend time in Darwin, rather than driving through Alice Springs. The municipality borders the Top End, a region of the Northern Territory that has been called the ‘Inland Empires’ because of the abundance of natural resources and the remoteness of its towns.

The Katherine region is a hub for job seekers and the base for many businesses. That is because the area is blessed with a large employment base and a strong economy, where the mining sector is still an important source of income for the community. The biggest employers in the Katherine region are government agencies such as NTDS, NT Wildlife and Katherine Land Council. There are other strong employers in the area as well, such as the Katherine Hospital, TAFE and the Tarcoola Dairy Farm. There is also a strong agricultural sector in the town, where people work in various roles such as dairy farmers, fruit pickers, grain producers, and other agri-jobs.

Katherine is one of Australia’s very few long-distance cattle stations. The station area (also known as the town) stretches for 500km along the Stuart Highway. It stretches across the vast Northern Territory, containing towns such as Katherine, Loowit, Nhulunbuy, Drysdale and Yentna Station. The landscape and weather can vary drastically between towns. The rainforest area is lush, warm and green, while the semi-arid part is dry, dusty, windy and cold. Commuting from Katherine to Darwin (the capital) takes approximately 5 hours with a decent car and driver. Katherine is also served by numerous domestic airports and can be accessed by bus, rail and taxi services.

Katherine has a wonderful mix of natural beauty and beautiful surrounds. Katherine has a comfortable climate, stunning landscapes and a warm and friendly community. Katherine is one of those places you can bring your family and friends for a relaxing weekend holiday.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

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5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

More about Katherine Municipality, NT

What LGAs neighbour Katherine Municipality, NT?

Katherine Municipality borders Victoria Daly Region on the west and Roper Gulf Region on the east.

Suburbs/localities in this Local Government Area: Florina 0852, Katherine 0850, Katherine East 0850, Katherine South 0850, Lansdowne 0850, Manbulloo 0852, Tindal 0853, Uralla 0852, Venn 0852, Binjari 0852, Claravale 0822, Cossack 0850, Edith 0852, Emungalan 0850

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