Question 1

Is Coconut Grove a nice place to live?

Accepted Answer

Coconut Grove is an established inner suburb of Darwin known for its tropical planting and coconut palms, which give the streets a relaxed, gardened feel. Housing is largely low-rise and residential, with older timber cottages alongside more recent single-storey homes on generous blocks. Local life centres on pocket parks, neighbourhood shops and community facilities, and the area has straightforward access to the city, coastal recreation and main transport links. The community numbers 2,892 people, with a median age of 35 and a typical household weekly income of $1,549 (about $80,548 a year).

Those features tend to attract families and professionals after a quieter, gardened lifestyle: couples (with and without children) make up the bulk of households, and most dwellings are rented rather than owner-occupied. Several council and government civil projects are under way, including stormwater and flood mitigation work, and there have been recent park upgrades such as a new playground at Easther Park. Whether Coconut Grove suits you will come down to the kind of neighbourhood you want.

Question 2

Is it expensive to live in Coconut Grove?

Accepted Answer

In Coconut Grove, on these figures renting looks stretched against what a typical local household earned at the last Census. A unit at $560 a week would take about 36.2% of a household income of $1,549 a week at the last Census, while a house at $715 a week would take about 46.2% of that weekly income. Looking at buying, the median unit price of $450,000 is roughly 5.6 times a typical local annual household income at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Coconut Grove a good place to invest?

Accepted Answer

The standout over the past year in Coconut Grove is house rents, which jumped 19.2%. That is the largest movement among the four figures, while house values rose a modest 2.3% over the same period.

Units showed strong capital growth, with unit values up 15.8%, and unit rents also rose strongly, up 12.0%. Put simply, unit buyers saw the stronger price growth this year, while the biggest gain in rental income was on the house side; whether that mix fits your plans depends on your investment goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	$450K
Change in value Past 12 months	2.3%	15.8%
Sold Past 3 months	9	25
Median days on market Past 12 months	48	71
Average rent Past 12 months	$715	$560
Change in rent Past 12 months	19.2%	12.0%

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