Suburb Profile Report for Gray NT (0830)

Gray House: Median price $347,000, Annual capital growth 0.24%, Number of sales 29, Weekly median advertised rent $425

Gray Unit: Median price $200,000, Annual capital growth -0.85%, Number of sales 12, Weekly median advertised rent $320

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

Gray has had a quite poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -8.68% to date .

If we look at median property appreciation over just the last three months, Gray has given property investors a paper return of -0.86%. This puts Suburb as 28 on a list of fastest fasting appreciating suburbs in NT

Vendor discounting in Gray is giving property investors an average Vendor Discount of around -4.69%. This puts suburb at number 36th in NT when ranking the most discounted suburbs.

Residents and property investors in Gray have been waiting around 121.6 days to sell a property.

Renters in Suburb are facing rents around $22100 per annum or $425 every week.

Gray has had a very poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -28.19% to date .

Taking the average capital gain, or increase in median house value, Gray,0830 has racked up an average of -28.19% over the period. This ranks it number 1727th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of -0.85%, investors should hope to achieve an overall return of 8.32%

Metrics i HOUSE UNIT
$347,000 $200,000
-0.86% 5.76%
-8.68% -28.19%
0.24% -0.85%
$425 $320
29 12
6.37% 8.32%
121.6 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Above average (H), Above 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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