Suburb Profile Report for Katherine East NT (0850)

Katherine East House: Median price $335,000, Annual capital growth 1.69%, Number of sales 27, Weekly median advertised rent $470

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Over the last year, property investments in Katherine East, 0850 have given investors a capital gain of 11.67%. This compares very favourably with the -2.63% for NT as a whole.

Across a shorter period, Katherine East, 0850 has seen a median price increase of 0.75% over the last quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.76% offered to property buyers. Sellers in Katherine East itself are offering an average vendor discount of -12.25% to real estate investors.

Katherine East is 3rd on a list of best yielding suburbs for rents in NT with a 7.30% return

Metrics	HOUSE	UNIT
Median price	$335,000	N/A
Quarterly growth	0.75%	N/A
12-month growth	11.67%	N/A
Average Annual Growth	1.69%	N/A
Weekly median advertised rent	$470	N/A
Number of sales	27	N/A
Gross rental yield	7.30%	N/A
Days on market	127.818181818182	N/A

DSR Score for property investment : Above average (H), Above average (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