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