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Katherine East, NT 0850

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Katherine East, NT 0850 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

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Rent 

2BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Katherine East, NT 0850”

  1. The total adult population (15 years or older) of Katherine East 0850 NT is 2,236, with a median age of 30. Of those, 35.29% are married, 9.93% are divorced or separated, 52.01% are single and 2.86% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,972. The median monthly mortgage repayment for households in this suburb is $1,517 which is 16.91% of their earnings.

    Source: ABS Census Data (2021)

  2. The famed suburb of Katherine East, bearing the postcode 0850, finds its home within the Northern Territory (NT). It’s estimated to house approximately 1451 households, cultivating a unique community fabric. As we enter Q3 of 2023, the property statistics for Katherine East show marked positions in several essential and fundamental metrics.

    Delving into property essentials, typical house prices in this region are currently sitting at a stately $471,016. Complemented with a median weekly rent of $562, investors are looking at an attractive indicative yield of 6.2% – certainly higher than the benchmark of 3% it significantly appeals to those centred on cash flow. This yield foreshadows robust return potentials on rental properties that should be a beacon for property investors.

    On the socio-economic front, Katherine East boasts a fairly sound IRSAD score of 959 out of a possible 1200. While this indicates a good socio-economic standing, the renter to owner ratio is notably high at 59%. This, combined with a low unit to house ratio of 7%, presents a market saturated with rentals and potentially high competition amongst landlords.

    The affordability index, which estimates the duration required to fully own a property, stands at 21 years—evidently likely to attract market interest due to its comparably high affordability.

    Analysing the supply metrics, the stock on market Percentage is reported to be 4.14%, signifying a somewhat high supply condition. Meanwhile, the inventory level for houses hovers at a desirable 1.15 months, hinting at a favourable low supply market. Interestingly, the building approvals Ratio for houses in the area is at a standstill with 0.0%, creating limited influxes in terms of new property introductions.

    The days on market (DOM) average for houses in the area manifests as 70 days—portraying moderate to slow demand. Nevertheless, the incredibly low vacancy rate of 0.23%, combined for both houses and units, signifies notable high demand and scarcity of rental properties, likely positioning landlords favorably. Lastly, the buy search index for houses indicates a limited demand with a score of 2. Through careful consideration of these key metrics, real estate investors and buyers agents can strategically navigate the Katherine East 0850 market to potentially beneficial results.

    Given the complexities of the property market, the emergence of automated tools such as the Relative Composite Score (RCS) metric, developed by HtAG Analytics, are increasingly invaluable, providing a holistic analysis using an array of metrics. Achieving successful investment decisions requires a deep understanding of market dynamics along with a certain shrewdness to spot the right opportunities when they arise.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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