At number 4030th in the list of Australian suburbs ordered by increase in median house value over the last year, Gray, 0830 is in the BOTTOM 10% with a property value increase of -13.37% recorded in median house prices.
Over the longer term, Gray has seen property prices show investors a -24.21% 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 -7.60% offered to property buyers. Sellers in Gray itself are offering an average vendor discount of -7.13% to real estate investors.
Residents and property investors in Gray have been waiting around 119.86 days to sell a property.
Gray, 0830’s gross rental yield is 6.04%
While Gray,0830 ranked number 20th in NT for increase in median house value (annualised) increase, it is ranked 21th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Gray is offering property investors an average of -8.73. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in NT
Residents and property investors in Gray have been waiting around 115.9 days to sell a property.
Situated 15.69km from the CBD, Gray is one of Palmerston localities in the postcode 0830.