Coconut Grove is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0810). With a population of 2,892, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Coconut Grove is $645,000, having grown strongly 8.4% over the past year. Units have a median price of $355,000 (+6% YoY). The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,600.
Public transport access includes 13 bus stops.
From an investment perspective, Coconut Grove offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($645K/$711K). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +8.4% year-on-year.
Coconut Grove is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0810). With a population of 2,892, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Coconut Grove is $645,000, having grown strongly 8.4% over the past year. Units have a median price of $355,000 (+6% YoY). The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,600.
Public transport access includes 13 bus stops.
From an investment perspective, Coconut Grove offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($645K/$711K). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +8.4% year-on-year.