Suburb Profile Report for Gray NT (0830)

Gray House: Median price $420,000, Annual capital growth 4.35%, Number of sales 19, Weekly median advertised rent $445

Gray Unit: Median price $305,000, Annual capital growth 4.71%, Number of sales 11, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$420,000 $305,000
-1.18% -4.69%
-2.33% -12.86%
4.35% 4.71%
$445 $350
19 11
5.51% 5.97%
123.14 166.9

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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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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Recent sales & rentals