Coconut Grove (postcode 0810) is a smaller residential area in Northern Territory within the Darwin local government area. It is home to about 2,892 residents, with a mix of young professionals and families and a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. NT employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NT also had 4 Commonwealth-backed major projects under construction, 3 underway, and 5 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Coconut Grove stand at $645,000, having posted strong gains by 8.4% over the last twelve months. 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.
Looking at the investment signals, The gross rental yield works out to roughly 2.4%, which reads 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. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.