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Coconut Grove, NT 0810

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Coconut Grove, NT 0810 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Coconut Grove, NT 0810”

  1. The total adult population (15 years or older) of Coconut Grove 0810 NT is 2,464, with a median age of 35. Of those, 41.15% are married, 13.84% are divorced or separated, 40.38% are single and 4.63% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $8,160. The median monthly mortgage repayment for households in this suburb is $1,600 which is 19.61% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of COCONUT GROVE, postcode 0810, is situated in Northern Territory (NT) and is home to approximately 1731 households. As of the third quarter (Q3) of 2023, typical house prices in COCONUT GROVE 0810 sit at $735,757 with a median weekly rent of $766. This equates to an indicative yield of 5.41%, surpassing the 3% threshold attractive to cashflow-centric investors.

    In terms of socio-economic status, COCONUT GROVE exhibits an IRSAD score of 971 out of a possible 1200. This indicates a fairly robust socio-economic framework in the area, with access to considerable economic resources for residents.

    Nevertheless, there are factors that potential investors should account for. The renter to owner ratio registers at 61%, a figure above the ideal 30% and under mark. This heightened presence of renters could decrease the ‘vibe’ of the neighbourhood and also increase competition amongst property investors.

    Further, the units to houses ratio is 64%, surpassing the advised 50% threshold and indicating an oversupply of unit-type properties. This oversaturation of the market could risk reductions in price and appeal in case of a market slowdown or regulatory changes.

    Affordability in COCONUT GROVE is measured with the years to own metric. Despite the standard 30-year mortgage assumption, the metric stands at 35 years, indicating a lower level of affordability in the area, with a prolonged estimated duration to fully own a property.

    Supply metrics are relatively favourable, with a stock on market Percentage for houses at 0.36% which is below the 0.4% favourable threshold, suggesting a limited supply. Additionally, the inventory level for houses is at a favourable low supply with 1.09 months implying a quick absorption rate. building approvals Ratio for houses is 0.0%, indicating a significantly low influx of new dwelling stock in the market.

    The Demand metrics suggest a mixed market appeal with 29 days on market reflecting high demand. However, the buy search index for houses records at a 2 which leans toward limited demand. That said, the Vacancy Rate, combining houses and units, stands low at 0.67%, meaning high demand due to low supply.

    In conclusion, COCONUT GROVE 0810 presents a mixed investment image with favourable yields and solid socio-economic standing intermixed with certain scrutiny points such as the renter to owner ratio and the units to houses Ratio. Risk-conscious investors may utilise metrics like HtAG Analytics’ RCS for automated research incorporating over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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