Located in Northern Territory within the Katherine local government area, Katherine is a small locality (postcode 0850). It is home to about 1,254 residents, with a mix of young professionals and families and a median age of 34. Households earn a median income of $107K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. NT employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NT also had 4 Commonwealth-backed major projects under construction, 3 underway, and 5 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Aboriginal Australian.
Katherine has a median house price of $375,000, which has dropped significantly by 8.5% year-on-year. Units have a median price of $385,000 (+46.7% YoY). The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,408.
Katherine is served by 4 schools, including 1 primary, 2 combined, 1 special. The average ICSEA score is 839, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
On the investment side, Katherine shows a gross rental yield of approximately 5.0%, rated as moderate yield. Property prices sit below the state median ($375K/$711K), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -8.5% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.