With the median price for a house in Coconut Grove being $743000 and the advertised rent reaching $590 the gross rental yield for property investors calculates out to be 4.13%
If you compare the increase in value of investment property in Coconut Grove, 0810 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NT suburb was 12.20%.
When looking at the potential capital gains offered to property investors over the last 3 years, Coconut Grove comes in at number 5th in NT.
Sellers are offering property buyers an average discount of -7.56% to buyers in Coconut Grove at the moment, which is less than average for the rest of NT.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.41%, without taking into account capital value appreciation, which has been averaging out at 6.89%.