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Suburb Insights ยท NT 0810

Coconut Grove 0810, Northern Territory

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Coconut Grove is an inner-city suburb of Darwin, Australia, with a population of approximately 2,892, making it a boutique locality. Located approximately 8 km from the Darwin CBD, Coconut Grove is a inner city area in Northern Territory. The median household income is $80,548 AUD per year (ABS 2021 Census).

Investment Score

60 / 100 Moderate

Household incomes in Coconut Grove sit in a comfortable mid-range for the Northern Territory market. Its proximity to the CBD adds a strong location premium.

Location

Map shows Coconut Grove, Northern Territory, Australia.

Key Indicators

Postcode
0810

Official Australia Post postcode for Coconut Grove. A postcode may cover multiple suburbs.

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Population
2,892

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$80,548/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
8 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,600/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
21% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As an inner-city location, Coconut Grove benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,600/month. The median household income of $80,548/year reflects a solid demographic, supporting sustainable rental demand. With only 21% separate houses, Coconut Grove has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Coconut Grove's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Coconut Grove can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Coconut Grove may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Coconut Grove

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Coconut Grove is expected to see moderate price growth in 2026 as the broader Northern Territory market stabilises. The rental market in Coconut Grove should see steady occupancy, with moderate upward pressure on rents. The market mood around Coconut Grove is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Coconut Grove a good suburb for investment?

Coconut Grove is a inner city area in Northern Territory with a population of 2,892. The median rent is $300/week and the median household income is $80,548/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Coconut Grove?

Key demand drivers in Coconut Grove include employment proximity and urban lifestyle. 21% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Coconut Grove?

According to the ABS 2021 Census, Coconut Grove has a population of approximately 2,892. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Coconut Grove from the Darwin CBD?

Coconut Grove is approximately 8 km straight-line distance from the Darwin CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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