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ABS 2021 Census · Updated 21 May 2026
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 per year.
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.
Official Australia Post postcode for Coconut Grove. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Coconut Grove on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
2,892 residents places Coconut Grove squarely in the middle of the Northern Territory suburb size distribution (state median 3,057), with market depth comparable to most NT localities. Coconut Grove's median household income of $80,548/year is 29% below the Northern Territory suburb median ($113,308) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Rent of $300/week (81% coverage of the $1,600/month median mortgage) leaves a gap of roughly $300/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 8 km from the Darwin CBD, Coconut Grove sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 21% of dwellings are separate houses (vs 68% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Inner-city investors should model strata costs and rate rises carefully, since gross yields here are often compressed by higher entry prices. Local rents consume roughly 19% of household income — a useful sanity check on tenant affordability.
How Coconut Grove stacks up against the median of all Northern Territory suburbs in our dataset. Positive values mean Coconut Grove sits above the state median; negative means below.
| Metric | Coconut Grove | NT median | Δ vs state |
|---|---|---|---|
| Population | 2,892 | 3,057 | -5% |
| Median household income | $80,548/yr | $113,308/yr | -29% |
| Median rent (weekly) | $300 | $360 | -17% |
| Median mortgage (monthly) | $1,600 | $1,950 | -18% |
| Distance to CBD | 8 km | 15 km | -47% |
| Separate houses | 21% | 68% | -47pp |
Pre-inspection briefing for Coconut Grove — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 2,892 means liquidity is thin and capital growth tends to lag the wider Northern Territory market over full cycles.
Moderate rental coverage: rent of $300/week covers 81% of a $1,600/month mortgage, leaving a $300/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 21% of dwellings are separate houses (vs 68% NT median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Coconut Grove property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Coconut Grove are modest for 2026 — incomes 29% below the NT median of $113,308 and a population of 2,892 suggest gains will lag headline metro markets. Rental coverage runs at ~81% of the typical mortgage ($1,300/month rent vs $1,600/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 60/100 places Coconut Grove in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Coconut Grove scores 60/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 2,892, median household income of $80,548/year and median weekly rent of $300. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Coconut Grove are proximity to Darwin (8 km), a median household income of $80,548/year, a dwelling mix that is 21% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Coconut Grove has a usual resident population of approximately 2,892, compared with a Northern Territory suburb median of 3,057 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Coconut Grove sits 8 km straight-line from the Darwin CBD. This is inner-ring territory — pricing competes directly with established Darwin employment nodes.
The most recent census recorded a median weekly rent of $300 in Coconut Grove, equating to approximately $15,600/year in gross rental income (state median $360/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Coconut Grove is $1,600, or approximately $19,200/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $300 works out to $1,300/month, covering 81% of the median mortgage repayment of $1,600/month. That leaves a $300/month shortfall (around $3,600/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (2,892 residents), interest-rate sensitivity on the $1,600 median mortgage, below-median household incomes ($80,548 vs $113,308 state median), a unit-heavy dwelling mix (21% houses) where body-corporate costs and apartment supply affect resale, the broader Northern Territory market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.