Giving property investors a a solid capital gain of 36.99% for the last year, Katherine South, 0850 is the 259th highest performer in Australia in this respect.
Over the longer term, Katherine South has seen property prices show investors a 25.84% return over the last 3 years. This is an improvement over the last 12 months
Katherine South, 0850 is offering NT ‘s 32th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NT.
Property value increases in Katherine South have tracked just higher than the NT average of 11.23% over the last 12 months.
The five-year average increase in median property values for Katherine South,0850 has given property investors a potential capital gain of 17.89% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Katherine South is offering property investors an average of -2.00. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in NT
Renters in Suburb are facing rents around $20800 per annum or $400 every week.