Suburb Profile Report for Katherine East NT (0850)

Katherine East House: Median price $335,000, Annual capital growth 6.65%, Number of sales 24, Weekly median advertised rent $480

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

At number 2050th in the list of Australian suburbs ordered by increase in median house value over the last year, Katherine East, 0850 is in the BOTTOM 50% with a property value increase of 1.52% recorded in median house prices.

Katherine East,0850 has offered an average of 1.52% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Katherine East is offering property investors an average of -7.55. This rate of discount on properties puts Suburb at number 1st in terms of most discounted suburbs in NT

In the last year 24 properties changed hands in Katherine East, which puts it as the 19th most active market in NT when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $24960 per annum or $480 every week.

Metrics	HOUSE	UNIT
Median price	$335,000	N/A
Quarterly growth	1.52%	N/A
12-month growth	1.52%	N/A
Average Annual Growth	6.65%	N/A
Weekly median advertised rent	$480	N/A
Number of sales	24	N/A
Gross rental yield	7.45%	N/A
Days on market	93.8	N/A

DSR Score for property investment : Balanced (H), Balanced (U)

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Demographics

Total population	3016
Median household income ($/weekly)	1707
Median age of persons	27
Median housing loan repayment ($/monthly)	1733
Average household size	3

Census	Count	Percent(%)
0-4 years	350	11.6
5-14 years	579	19.2
25-34 years	534	17.7
35-44 years	440	14.6
45-54 years	325	10.8
Others	788	26.1

Age Group

Census	Count	Percent(%)
Registered Married	706	41.1
Not Married	649	37.8
Defacto Relationship	364	21.2

Social Marital Status

Census	Count	Percent(%)
Australia	2409	88.0
Papua New Guinea	58	2.1
Philippines	84	3.1
United Kingdom	66	2.4
Other	40	1.5
Others	79	2.9

Country of Birth

Census	Count	Percent(%)
Buddhism	26	1.0
Christianity	1679	65.1
Islam	8	0.3
Other Religious Groups	7	0.3
No Religion	853	33.1
Others	6	0.2

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	60	7.9
$1,250-$1,499	63	8.3
$1,500-$1,999	125	16.4
$2,000-$2,499	129	17.0
$2,500-$2,999	83	10.9
Others	300	39.5

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1017	53.7
Not in the labour force	455	24.0
Employed, worked part-time	235	12.4
Employed, away from work	124	6.5
Unemployed, looking for work	64	3.4

Person Characteristics

Census	Count	Percent(%)
Managers	117	8.5
Professionals	222	16.1
Technicians & trades workers	257	18.7
Community & personal service workers	264	19.2
Clerical & administrative workers	203	14.7
Others	314	22.8

Occupation

Census	Count	Percent(%)
Pre-school	52	6.6
Infants/Primary	344	43.9
Secondary	233	29.7
Technical or Further Educational Institution	44	5.6
University or other Tertiary Institutions	86	11.0
Others	25	3.2

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2349	89.0
Semi-detached, row or terrace house, townhouse	158	6.0
Flat, unit or apartment	106	4.0
Improvised home, tent, sleepers out	9	0.3
House or flat attached to a shop, office	12	0.5
Others	5	0.2