Katherine is a small community in Northern Territory within the Katherine local government area (postcode 0850). With a population of 1,254, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $107K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Katherine is $375,000, having dropped significantly 8.5% over the past 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.
From an investment perspective, Katherine offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($375K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -8.5% year-on-year.
Katherine is a small community in Northern Territory within the Katherine local government area (postcode 0850). With a population of 1,254, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $107K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Katherine is $375,000, having dropped significantly 8.5% over the past 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.
From an investment perspective, Katherine offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($375K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -8.5% year-on-year.