Suburb Profile Report for Coconut Grove NT (0810)

Coconut Grove House: Median price $743,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $590

Coconut Grove Unit: Median price $460,000, Annual capital growth 6.89%, Number of sales 91, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$743,000 $460,000
13.09% 0.55%
N/A 12.20%
N/A 6.89%
$590 $390
11 91
4.13% 4.41%
N/A 110.78

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2849
Median household income ($/weekly) 1355
Median age of persons 34
Median housing loan repayment ($/monthly) 1900
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 261 9.2
    25-34 years 642 22.5
    35-44 years 414 14.5
    45-54 years 375 13.2
    55-64 years 307 10.8
    Others 852 29.9
    Age Group
    Census Count Percent(%)
    Not Married 1038 51.8
    Registered Married 675 33.7
    Defacto Relationship 291 14.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1596 63.7
    Indonesia 78 3.1
    Philippines 169 6.7
    United Kingdom 106 4.2
    Other 194 7.7
    Others 363 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 95 4.0
    Christianity 1404 58.9
    Hinduism 59 2.5
    Islam 55 2.3
    No Religion 748 31.4
    Others 24 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 87 8.7
    $1,000-$1,249 88 8.8
    $1,250-$1,499 91 9.1
    $1,500-$1,999 160 16.0
    $2,000-$2,499 109 10.9
    Others 464 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1036 48.9
    Not in the labour force 575 27.1
    Employed, worked part-time 326 15.4
    Employed, away from work 98 4.6
    Unemployed, looking for work 83 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 175 12.0
    Professionals 336 23.0
    Technicians & trades workers 216 14.8
    Community & personal service workers 164 11.2
    Clerical & administrative workers 222 15.2
    Others 348 23.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 151 30.3
    Secondary 108 21.7
    Technical or Further Educational Institution 36 7.2
    University or other Tertiary Institutions 153 30.7
    Other type of educational institution 27 5.4
    Others 23 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1098 44.6
    Separate house 796 32.3
    Semi-detached, row or terrace house, townhouse 563 22.9
    Improvised home, tent, sleepers out 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 656 60.3
    Being purchased 286 26.3
    Fully owned 140 12.9
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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