Manbulloo, NORTHERN-TERRITORY Real Estate & Suburb Profile

About Manbulloo Real Estate

Manbulloo is a locality in the Northern Territory, Australia. It is located within the Katherine Town Council local government area, approximately 15 km (9.3 mi) south-west of the town Katherine on the Victoria Highway. The locality was officially defined in April 2007, with the name being a corruption of a word meaning "pallid cuckoo" in the Wardaman language, and was first settled by Europeans as a pastoral station.
Established in 1917 by the North Australia Meat Company to support the operations of Vestey's Meatworks, Manbulloo Station was located close to the recently extended North Australia Railway, allowing direct rail access for livestock to be transported to Vestey's Meatworks in Darwin. The area was the site of Manbulloo Airfield, a World War II base built in 1942 that hosted squadrons of the Royal Australian Air Force and United States Army Air Force. During the war, a field abattoir and fresh food processing camp was also established by the Australian Army at Manbulloo.
Today, Manbulloo is a sparsely populated rural locality containing commercial mango plantations and a CSIRO research station. Much of the land is still occupied by the 370,910 ha (916,500 acres) Manbulloo Station, carrying 20,000 head of cattle. The station was sold to foreign investors in 2019, to be leased back to its current operators. The original riverside homestead now functions as tourist accommodation, with a surrounding caravan park.

Property Investment Potential

When analyzing the local real estate landscape, Manbulloo presents a dynamic opportunity. With median property prices sitting around $1,091,000 and delivering an average rental yield of 3.5%, the area caters nicely to both owner-occupiers and savvy investors. Properties typically spend an average of 58 days on the market, underscoring the consistent demand in this part of Northern Territory. For accurate financial planning, check out our investment calculators to estimate your potential returns.