At number 3979th in the list of Australian suburbs ordered by increase in median house value over the last year, Coconut Grove, 0810 is in the BOTTOM 10% with a property value increase of -12.62% recorded in median house prices.
Coconut Grove,0810 has offered an average of -12.62% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Coconut Grove should be aiming for at least -7.53% off the asking price, which is the average vendor discount being achieved at the moment.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 5.00%, without taking into account capital value appreciation, which has been averaging out at 3.54%.
NT has seen average median house prices change by -1.81% which means that Coconut Grove, 0810 has not done well for property investors by showing a capital gain of 2.22% over the last year
Across a shorter period, Coconut Grove, 0810 has seen a median price increase of 0.00% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Coconut Grove is offering property investors an average of -8.50. This rate of discount on properties puts Suburb at number 15th in terms of most discounted suburbs in 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 6.17%.