1/56 Katherine TerraceKatherine South NT 0850
Property Details for 1/56 Katherine Tce, Katherine South
Last Listing description (March 2022)
Currently leased by Katherine Regional Enterprises (Bendigo Bank), this office in the main street of Katherine gives an excellent return and has a secure long term tenant.
If you're looking for better than 6% return, then this could be the ideal investment opportunity for you.
Property History for 1/56 Katherine Tce, Katherine South, NT 0850
- 04 Jun 2020Listed for Sale $530,000
- 31 Aug 2009Sold for $360,000
- 05 Mar 2008Sold for $280,000
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0About Katherine South 0850
The size of Katherine South is approximately 6.2 square kilometres. It has 9 parks covering nearly 19% of total area. The population of Katherine South in 2011 was 1,405 people. By 2016 the population was 1,494 showing a population growth of 6.3% in the area during that time. The predominant age group in Katherine South is 30-39 years. Households in Katherine South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Katherine South work in a professional occupation. In 2011, 34.4% of the homes in Katherine South were owner-occupied compared with 38.8% in 2016.
Katherine South has 731 properties. Over the last 5 years, Houses in Katherine South have seen a 17.25% increase in median value, while Units have seen a 12.51% increase. As at 31 October 2024:
- The median value for Houses in Katherine South is $321,883 while the median value for Units is $233,072.
- Houses have a median rent of $443 while Units have a median rent of $325.
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