8 Auster Street, Katherine NT 0850

4-bed family home | Katherine North | leased $630/wk to 2026 | powered shed + carport The property’s strongest signal is its existing lease at $630 per week through October 2026, which locks in a reliable yield from day one in a market where Katherine houses have appreciated nearly 20% over five years. The 869m² block with a powered shed and double carport offers rare utility for a family needing workshop space or secure storage, while the open-plan layout and split-system air conditioning make it immediately livable. This suits an investor seeking a hands-off entry into a rising regional market, or a buyer-occupier wanting a well-located house with income flexibility. The main risk is the property’s age-built 1980-with no disclosed recent renovations, meaning maintenance costs on plumbing, roof, and electrical systems are likely within five years. The 1-bathroom configuration limits appeal for larger families or future resale to owner-occupiers, and the $370k–$390k price sits at the top of its estimated value range, leaving thin equity upside without rental growth. Opportunity lies in holding the lease until 2026, then reassessing for owner-occupation or a rent increase to $665–$695 per week. Use it as a buy-and-hold with the lease as your buffer.