Over the last year, property investments in Gray, 0830 have given investors a capital gain of 0.00%. This compares favourably with the -1.73% for NT as a whole.
Over the longer term, Gray has seen property prices show investors a -6.94% return over the last 3 years. This is an improvement over the last 12 months
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.59% offered to property buyers. Sellers in Gray itself are offering an average vendor discount of -7.14% to real estate investors.
Gray, 0830’s gross rental yield is 5.29%
If you compare the increase in value of investment property in Gray, 0830 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -5.00%.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.