At number 3158th in the list of Australian suburbs ordered by increase in median house value over the last year, Gray, 0830 is in the BOTTOM 30% with a property value increase of -2.33% recorded in median house prices.
A 3.70% growth in median value for property investors in Gray,0830 puts this suburb at number 17th in terms of best performing suburbs in NT
The most recent median price for Gray is $420000, with sellers offering an average of -8.22% off the asking price.
Situated 15.82km from the CBD, Gray is one of Palmerston localities in the postcode 0830.
Over the last year, property investments in Gray, 0830 have given investors a capital gain of -12.86%. This compares badly with the -4.08% for NT as a whole.
While Gray,0830 ranked number 21th in NT for increase in median house value (annualised) increase, it is ranked 13th over the last 5 years.
Property buyers and investors in Gray 0830 should be seeing an average reduction in asking price of around -16.00% . This means that Gray is holding prices well when compared to other suburbs in NT.
With the median price for a house in Gray being $305000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.97%