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Homeowners and real estate investors betting on COCONUT GROVE, 810 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 24.32%.
Property investors enjoyed capital gains of 24.32% over the last 12 months in COCONUT GROVE, translating to lower returns compared with its peers in NT.
COCONUT GROVE, 810 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $285,000.
Profits due to an downward trend in home prices in COCONUT GROVE, 810 averaged -6.19% per annum over a 3-year period.
Home owners selling their properties and realtors in COCONUT GROVE usually have to wait an average of 102.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $350 mark, reflecting a 6.39% increase in returns based on the current median price in COCONUT GROVE.
COCONUT GROVE, 810 places 1st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||24.32%|
|Median 3 years||N/A||-18.57%|
|Median 5 years||N/A||-35.23%|
|10 years average annual||N/A||-2%|
|Weekly media advert. rent||N/A||$350|
|Time on Market||N/A||102.0 days|
|Gross Rental Yield Percent||N/A||6.39%|