Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Coconut Grove ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Coconut Grove provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Coconut Grove requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|UNIT 5, 13 NATION CR, COCONUT GROVE, NT, 0810||2||1||1|
|13 OSTERMANN ST, COCONUT GROVE, NT, 0810||5||3||4||Sold for $668,000|
|30 CRAIG CR, COCONUT GROVE, NT, 0810||2||1||2||Sold for $520,000|
|UNIT 8, 2 OSTERMANN ST, COCONUT GROVE, NT, 0810||3||2||2||$449,900|
None within suburb boundary(While the above schools are located with the suburb of Coconut Grove there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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