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Coconut Grove

POSTAL CODE: NT, 810
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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 -0.7% decrease over a ten-year period. It ranks 4714th on our list of suburbs that property investors should look into.

COCONUT GROVE, 810 in NT belongs to the local government area of Darwin.

COCONUT GROVE, 810 has a capital gain of 0.83% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in COCONUT GROVE sitting at $610,000, and the average rent at $600, property owners could potentially earn a 5.11% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in COCONUT GROVE are low, as opposed to average gains per annum over the past five years.

Surburb overview

"Coconut Grove, with the postcode 810, is a vibrant suburb located in the Northern Territory of Australia, close to the city of Darwin. This overview captures the essence of Coconut Grove, incorporating the latest information available.

Coconut Grove is conveniently situated just about eight kilometres north of Darwin’s central business district (CBD), making it an attractive location for those seeking proximity to the city’s amenities while enjoying a more relaxed, suburban lifestyle.

Coconut Grove is a diverse and dynamic suburb, home to a population that reflects a wide range of cultural backgrounds. According to the latest census data, the suburb has seen gradual growth, attracting families, young professionals, and retirees alike. The community’s diversity is celebrated through various cultural festivals and events throughout the year.

The suburb falls within the City of Darwin, the local government area responsible for providing community services, infrastructure maintenance, and local governance. The City of Darwin Council actively engages with residents to enhance the suburb’s liveability and sustainability.

Coconut Grove benefits from Darwin’s public transportation network, with several bus routes passing through the suburb, offering convenient access to the CBD, shopping centres, schools, and nearby beaches.

The suburb is well-serviced with amenities including the Nightcliff Shopping Centre, offering a range of retail options, supermarkets, and eateries. Educational facilities such as schools and childcare centres are easily accessible, catering to the needs of families residing in the area.

Coconut Grove is known for its green spaces and recreational areas, such as the Nightcliff Foreshore, which is popular for cycling, walking, and picnics, offering stunning sea views. The suburb also boasts sports facilities, community gardens, and easy access to nearby beaches, providing residents with numerous outdoor activities.

In summary, Coconut Grove is a welcoming and diverse suburb that offers a blend of urban convenience and suburban tranquillity. Its proximity to Darwin CBD, combined with the availability of public transport, local amenities, and recreational options, makes it an appealing choice for a broad range of residents. "

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