Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Based on its average 5-year and quarterly capital gains COCONUT GROVE, 810 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that COCONUT GROVE, 810 obtained a -6.61% decrease over a ten-year period. It ranks 3767th on our list of suburbs that property investors should look into.
COCONUT GROVE, 810 in NT belongs to the local government area of Darwin (C).
COCONUT GROVE, 810 has a capital gain of -2.96% for the past year, which is higher than average compared to its -30.23% growth within a five-year period.
With the median home price in COCONUT GROVE sitting at $524,000, and the average rent at $500, property owners could potentially earn a 4.96% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in COCONUT GROVE are high, as opposed to average gains per annum over the past five years.
A -2.96% increase in median property prices in COCONUT GROVE, 810 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 19th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $524,000 | $307,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.75% | 11.82% |
| Median 12 month | -2.96% | 4.24% |
| Median 3 years | -19.82% | -33.15% |
| Median 5 years | -30.23% | -28.07% |
| 10 years average annual | -6.61% | -0.27% |
| Weekly media advert. rent | $500 | $330 |
| Time on Market | 96.6 days | 78.4 days |
| Gross Rental Yield Percent | 4.96% | 5.58% |
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