‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
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 29.57%.
Property investors in KATHERINE SOUTH enjoyed capital gains of 29.57% 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 $298,000.
Profits due to an upward trend in home prices there averaged 0% per annum over a 3-year period.
Home owners selling their properties and realtors in KATHERINE SOUTH usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $440 mark, reflecting a 7.68% increase in returns based on the current median price in KATHERINE SOUTH.
KATHERINE SOUTH, 850 places 2nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||29.57%||0%|
|Median 3 years||0%||0%|
|Median 5 years||0%||0%|
|10 years average annual||13.11%||-5.73%|
|Weekly media advert. rent||$440||$360|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||7.68%||8.32%|