Suburb Profile Report for Gray NT (0830)

Gray House: Median price $420,000, Annual capital growth 3.95%, Number of sales 21, Weekly median advertised rent $450

Gray Unit: Median price $312,500, Annual capital growth 4.85%, Number of sales 10, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NT has seen average median house prices change by -5.49% which means that Gray, 0830 has not done well for property investors by showing a capital gain of -2.33% over the last year

Comparing Gray,0830 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gray, 0830. Typically our figures indicate that -7.13% is being offered, which puts this NT suburb at 1217th most discounted overall in Australia.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Giving property investors a a poor capital gain of -10.71% for the last year, Gray, 0830 is the 1592th highest performer in Australia in this respect.

The five-year average increase in median property values for Gray,0830 has given property investors a potential capital gain of -2.34% across each of those five years.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

HOUSE UNIT
$420,000 $312,500
-0.59% 0.81%
-2.33% -10.71%
3.95% 4.85%
$450 $350
21 10
5.57% 5.82%
106.73 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 3310
Median household income ($/weekly) 1277
Median age of persons 30
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 510 15.4
    25-34 years 555 16.8
    35-44 years 520 15.7
    45-54 years 400 12.1
    55-64 years 291 8.8
    Others 1035 31.3
    Age Group
    Census Count Percent(%)
    Not Married 1052 48.6
    Registered Married 698 32.3
    Defacto Relationship 414 19.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2354 79.7
    Papua New Guinea 63 2.1
    Philippines 121 4.1
    United Kingdom 91 3.1
    Other 122 4.1
    Others 202 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 2.9
    Christianity 1798 63.7
    Hinduism 34 1.2
    Islam 24 0.9
    No Religion 856 30.3
    Others 28 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 92 9.0
    $1,000-$1,249 97 9.5
    $1,250-$1,499 95 9.3
    $1,500-$1,999 156 15.3
    $2,000-$2,499 121 11.9
    Others 458 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1068 47.4
    Not in the labour force 610 27.1
    Employed, worked part-time 331 14.7
    Employed, away from work 162 7.2
    Unemployed, looking for work 83 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 191 12.3
    Technicians & trades workers 262 16.8
    Community & personal service workers 214 13.7
    Clerical & administrative workers 281 18.0
    Sales 151 9.7
    Others 458 29.4
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.4
    Infants/Primary 285 38.7
    Secondary 221 30.0
    Technical or Further Educational Institution 54 7.3
    University or other Tertiary Institutions 98 13.3
    Others 31 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2080 69.8
    Flat, unit or apartment 464 15.6
    Semi-detached, row or terrace house, townhouse 435 14.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 593 52.2
    Being purchased 426 37.5
    Fully owned 114 10.0
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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