Katherine – Market Commentary

Katherine is a regional centre with a population of approximately 10,000 people located on the Katherine River about 320 kilometres south of Darwin. The town is a service and retail centre for the surrounding pastoral and horticulture industries and aboriginal communities with both State and Commonwealth agencies based there. The town is also home to the headquarters of three major local government authorities, being  Katherine Town Council, Roper Gulf Shire Council and Victoria Daly Shire Council.

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Residential Market in the Northern Territory

Article on residential property market in the Norther Terriotry and surrounding districts

Article on residential property market in the Norther Terriotry and surrounding districts

The Darwin residential market can be divided into three main areas by Local Government Authority (LGA).  These being  Darwin, Palmerston and Litchfield municipalities.

Darwin inner and its suburbs form a triangular formation with the older suburbs and the city itself comprising one corner, the northern suburbs comprising another and the eastern suburbs a third.

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Commercial Market In the Northern Territory

Aricles on the state of the commercial property market in Darwin and the Northern Territory

Aricles on the state of the commercial property market in Darwin and the Northern Territory

The commercial market within Darwin comprises 3 main areas: Darwin CBD, Casuarina and Palmerston.
The Darwin CBD office rental market continues to be influenced to a large extent by the NT and Commonwealth Government, which represents approximately 70% of the office market demand.

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Pastoral Property Market in the Northern Territory

State of the Norther Terrioty Pastoral Market

State of the Norther Terrioty Pastoral Market

The market place for large scale pastoral properties has deteriorated since the highs of 2008 culminating in a relatively subdued market place. The deterioration has been due to a number of factors including the decreased availability of finance on an equity basis which is resulting in significantly extended time periods to achieve finance for pastoral properties; as a consequence the supply of properties available for sale in this sector has increased significantly over the last 5 years.

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