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Katherine South, 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 South, 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 South, NT 0850”

  1. The total adult population (15 years or older) of Katherine South 0850 NT is 1,191, with a median age of 33. Of those, 30.90% are married, 13.35% are divorced or separated, 53.23% are single and 2.18% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,896. The median monthly mortgage repayment for households in this suburb is $1,325 which is 16.78% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of KATHERINE SOUTH, postcode 0850, is conveniently situated in NT, boasting an estimated 851 households. As Q3 2023 draws to a close, the property landscape reveals that typical house prices sitting at an appealing $398,161 with a median weekly rent of $449. This translates to an indicative yield of an impressive 5.86%, a figure that certainly catches the eye of savvy cashflow-centered investors.

    Demonstrating an above-average socio-economic standing, KATHERINE SOUTH has an IRSAD score of 942 out of a possible 1200, indicating a level of affluence in the locality, a favourable condition placing it ahead of many other suburbs. The renter to owner ratio, however, stands at a high 62%, suggesting a market notably skewed towards rental properties, which bears consideration for those looking to invest, given potential competition with other landlords.

    In terms of units to houses ratio, there is a low 14%, suggesting a market that isn’t heavily saturated with smaller dwellings like apartments or flats. This can be appealing to investors looking for less competition and longer tenancy periods, typically offered by families occupying houses.

    Affordability is key when considering real estate investments and the KATHERINE SOUTH market brings forward promising figures. With an Affordability Index of 20 years, KATHERINE SOUTH sits comfortably below the typical 30-year period required to fully own a property.

    Reviewing supply metrics, the stock on market percentage for houses is slightly elevated at 3.97%, indicating a reasonably high supply. This is somewhat balanced out by an encouragingly low inventory level of 1.15 months, pointing to a market that’s efficient at absorbing new listings. The building approval ratio for houses currently sits at 0%, suggesting a lack of increase in the supply of new dwellings.

    Taking demand metrics into account, the average days on the market for houses is 40, a figure that points towards reasonably high demand. The extraordinarily low vacancy rate of 0.19% further underlines this trend of high demand. The buy search index for houses, however, clocks in a touch low at 2, potentially indicating a somewhat limited demand for purchasing.

    In conclusion, KATHERINE SOUTH presents an interesting prospect for property investors with its high indicative yield, above-average socio-economic status, and predominantly high demand metrics. Despite a few figures falling outside the favourable range, majority of the metrics are encouraging and worth considering for immediate or future investment opportunities. Always remember, the RCS metric by HtAG Analytics offers an automation of this research, considering over 80 metrics for a more confident investment decision.

    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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