NT has seen average median house prices change by -5.47% which means that Coconut Grove, 0810 has not done well for property investors by showing a capital gain of -20.28% over the last year
At number 12th of NT’s most discounted properties, Coconut Grove is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Coconut Grove is 41th on a list of best yielding suburbs for rents in NT with a 4.81% return
Property value increases in Coconut Grove have tracked just higher than the NT average of -2.10% over the last 12 months.
Over the longer term, Coconut Grove has seen property prices show investors a 2.22% return over the last 3 years. This is an improvement over the last 12 months
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.64% offered to property buyers. Sellers in Coconut Grove itself are offering an average vendor discount of -5.73% to real estate investors.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.