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Investment Property Gray, NT, 0830

Suburb Snapshot

Gray is a suburb in the Palmerston Region of Northern Territory. Gray has a population of 3,281 people and 39.42% of its occupants live in rental accommodation. The median listing price for houses is $429,500 and this has changed 0.00% over the past year and changed -0.12% over 2 years.

The median rent in Gray for houses is $550 per week and the median rental yield is 6.65%. Stock on the market for houses/townhouses has changed -56.25% compared to last year and the average time to sell a house/townhouse is 150 days.The median listing price for units is $295,000 and this has changed 13.46% over the past year. The average unit takes 122 days to sell and the median rent for a unit in Gray is $425 per week, producing a rental yield of 7.49%.

Supply & Demand in Gray, Palmerston

1.33%

Current vacancy rate


19

Rental stock available


3,281

Population


39.42%

Rental population


1.32%

Current vacancy rate


206

Rental stock available


33,788

Population


40.81%

Rental population


0.71%

Current vacancy rate


735

Rental stock available


228,837

Population


38.00%

Rental population


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Statistical data for Gray, Palmerston

  House Townhouses Units
Median listing price $429,500 NA $295,000
Median price change - last quarter 1.17% NA 11.53%
Median price change - 1 year 0.00% NA 13.46%
Median price change - 2 years -0.12% NA 3.50%
  House Townhouses Units
Median weekly rent $550 NA $425
Median yield % 6.65% NA 7.49%
Median rent change - 1 year 5.76% NA 3.65%
  House Units
Previous month sales 5 2
Stock on market previous month 7 5
Stock variance vs. last year -56.25% -54.55%
Average days on market 150 122

Gray investment property listings

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