With a capital gain of -9.43% for the last 12 months, Gray, 0830 has performed for property investments than its average annual 2.98% property growth over the last 5 years.
The five-year average increase in median property values for Gray,0830 has given property investors a potential capital gain of -10.35% across each of those five years.
Property buyers and investors in Gray 0830 should be seeing an average reduction in asking price of around -7.76% . This means that Gray is holding prices well when compared to other suburbs in NT.
Often selling an investment property can take time, and in Gray the average time real estate has been on the market is 110.35 days.
Advertised rents are around the $450 mark per week – giving a return of 5.94% based on the median price in Suburb
At number 1448th in the list of Australian suburbs ordered by increase in median house value over the last year, Gray, 0830 is in the BOTTOM 20% with a property value increase of -6.45% recorded in median house prices.
Situated 15.67km from the CBD, Gray is one of Palmerston localities in the postcode 0830.