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Katherine, NT 0850

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, 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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, NT 0850”

  1. The total adult population (15 years or older) of Katherine 0850 NT is 1,057, with a median age of 34. Of those, 30.94% are married, 16.08% are divorced or separated, 48.44% are single and 4.64% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,032. The median monthly mortgage repayment for households in this suburb is $1,408 which is 14.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Set within the bright and sunny locale of Northern Territory, the suburb of Katherine 0850 is home to an estimated 728 households. As we reach the third quarter of 2023, the real estate landscape in Katherine commands attention, with houses traditionally priced at $413,194 and boasting a median weekly rent of $476. For savvy investors, this translates into an attractive indicative yield of 5.99%.

    The socio-economic access within the suburb remains robust, with the IRSAD score rating at a healthy 984 out of a possible 1200, reflecting a secure economic environment with prosperous residents. However, a high renter to owner ratio of 49% signals a saturated market with a substantial concentration of rented properties. This factor may pose certain risks and increased competition for prospective property investors.

    In terms of housing structure, the suburb tends towards a traditional core, as demonstrated by the low units to houses ratio sitting at a mere 6%, implying less competition among landlords for tenants and potential for higher rental yields.

    Affordability is a shining strength with Katherine’s index recording 16 years, well below the 30-year standard for mortgages. This indicates a highly affordable market for potential homeowners and signals the suburb’s appeal to family demographics who are likely to offer longer tenancy terms.

    Investors considering entry to Katherine’s property market will be pleased by the supply metrics. A stock on market Percentage of 0.47% is within the favourable range, signalling a low level of unsold properties in this area. Coupled with an inventory level of houses promisingly low at 1.57 months, the likelihood of a rapid absorption of new listings is high. The building approvals ratio sits at 0%, suggesting an absence of potential oversupplies.

    The demand metrics are slightly mixed. Although days on the market for houses is 40, which slightly surpasses the high demand indicator, the astoundingly low vacancy rate of 0.28% outshines this detail, suggesting high demand and little supply. This pleasingly low figure means renters are likely to pay higher amounts due to limited housing alternatives. Inferring from the Buy Search Index, demand seems to be at the lower boundary, yet still within acceptable conditions.

    In conclusion, with the favourable combination of economic prosperity, affordability, housing structure and the mostly favourable supply and demand indicators, Katherine 0850 presents as a key consideration for those thinking about property investment in 2023. However, as is the case with all investments, it is beneficial to closely monitor market developments and keep an eye on trends in both national and local landscapes. Let this be your guiding principle for getting the best out of the Australian property market.

    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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