Gray is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 3,142, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $77K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gray is $390,000, having dipped slightly 2.5% over the past year. Units have a median price of $250,000 (+6.4% YoY). The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,725.
Gray is served by 1 school, including 1 primary. The average ICSEA score is 808, which is well below the national average of 1,000. Public transport access includes 14 bus stops.
From an investment perspective, Gray offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($390K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -2.5% year-on-year.
Gray is a smaller suburb in Northern Territory within the Palmerston local government area (postcode 0830). With a population of 3,142, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $77K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gray is $390,000, having dipped slightly 2.5% over the past year. Units have a median price of $250,000 (+6.4% YoY). The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,725.
Gray is served by 1 school, including 1 primary. The average ICSEA score is 808, which is well below the national average of 1,000. Public transport access includes 14 bus stops.
From an investment perspective, Gray offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($390K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -2.5% year-on-year.