Katherine South

POSTAL CODE: NT, 850
HOUSE

Homeowners and real estate investors betting on KATHERINE SOUTH, 850 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 18%.

A steady increase in median property prices over a five-year period in the suburb translates to a -1.67% capital gain.

Property investors in KATHERINE SOUTH enjoyed capital gains of 18% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $295,000.

Profits due to an downward trend in home prices there averaged -0.56% per annum over a 3-year period.

Home owners selling their properties and realtors in KATHERINE SOUTH usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the $500 mark, reflecting a 8.81% increase in returns based on the current median price in KATHERINE SOUTH.

KATHERINE SOUTH, 850 places 26th in Australia based on median property value growth during the quarter.

Surburb overview

"Katherine South is a diverse and culturally rich suburb located in the Northern Territory under the jurisdiction of the Katherine Town Council, offering residents a unique blend of outback living, community spirit and access to essential amenities.

Katherine South is conveniently situated approximately 316 kilometres southeast of Darwin’s central business district (CBD). It serves as a significant regional centre, providing vital services to residents and visitors in the Katherine area.

With a population of around 1,500 residents, Katherine South is a vibrant and multicultural community. The suburb attracts a mix of families, professionals and individuals from various backgrounds, creating a dynamic and inclusive atmosphere.

Katherine South provides limited public transportation connectivity, with occasional bus services linking it to nearby towns and communities. Most of the residents rely on private vehicles for commuting and exploring the vast NT landscape.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Clyde Fenton Primary School and Katherine High School. The Katherine Central Shopping Centre has a range of retail shops, dining options and services for daily needs.

Katherine South presents a variety of recreational opportunities. The Katherine Hot Springs is a popular natural attraction, providing a refreshing oasis for swimming and relaxation. The nearby Nitmiluk National Park offers hiking, camping and canoeing experiences along the stunning Katherine Gorge. Additionally, the community enjoys cultural events and festivals that celebrate the Indigenous heritage of the region.

Katherine South offers a unique outback living experience with access to essential amenities and a rich cultural heritage. Its diverse and inclusive community, educational institutions and proximity to natural wonders make it an appealing choice for individuals and families seeking a vibrant yet connected place to call home in the territory. "

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