How a Hobart purchase set this investor up for a successful portfolio
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
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 -9.1% decrease over a ten-year period. It ranks 3724th 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).
With the median home price in COCONUT GROVE sitting at $447,500, and the average rent at $500, property owners could potentially earn a 5.81% increase in gross rental yield.
A -11.21% 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 44th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $447,500 | $223,250 |
| GROWTH REPORT | ||
| Median Quarterly | -7.73% | -2.19% |
| Median 12 month | -11.21% | -29.13% |
| Median 3 years | -25.6% | -51.47% |
| Median 5 years | N/A | -44.19% |
| 10 years average annual | -9.1% | -3.91% |
| Weekly media advert. rent | $500 | $330 |
| Time on Market | 0.0 days | 87.0 days |
| Gross Rental Yield Percent | 5.81% | 7.69% |
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