Fraud Blocker

Gray, NT 0830

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Gray, NT 0830 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Gray, NT 0830”

  1. The total adult population (15 years or older) of Gray 0830 NT is 2,422, with a median age of 34. Of those, 33.07% are married, 14.95% are divorced or separated, 48.97% are single and 3.47% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,840. The median monthly mortgage repayment for households in this suburb is $1,725 which is 22.00% of their earnings.

    Source: ABS Census Data (2021)

  2. Gray 0830, a suburb tucked away in the Northern Territory, hosts approximately 1460 households. In the third quarter of 2023, the standard selling price for houses in Gray was pitched at $426,866. Meanwhile, the median rent sat at a weekly $544, culminating in an attractive indicative yield of 6.63% for investors.

    The suburb may be considered a relatively affluent area as it scored an IRSAD rating of 900 out of 1200, signalling residents in Gray have considerably higher access to economic resources compared to other areas. The property market in Gray in Q3 2023 appeared balanced, with a renter to owner ratio of 50% which indicates high renter concentration, and hence potentially higher risk and competition for property investors, nevertheless, the rental yield remains robust.

    In terms of property types, Gray observed a units to houses ratio of 27%. This suggests the suburb is predominantly filled with houses and fewer units which can often mean reduced competition for tenants and potential for higher rental yields. The affordability index for the area registered at 21 years, upholding it as a highly affordable location for most families.

    The supply of properties is observed to be moderate with a stock on market Percentage at 0.62% and an inventory level that was moderately low at 2.77 months. The building approvals Ratio was at 0.0% indicating no new dwellings being introduced in the local market which can provide a more stable landscape for property values.

    Analysis of demand metrics presents a mixed bag. Houses in Gray remained on the market for an average of 78 days before being bought, which indicates a relatively neutral demand. The vacancy rate for rented properties (both units and houses combined) sat at a low 1.23%, suggesting high demand from tenants.

    In terms of online interest, Gray’s buy search index for houses registered a value of 3. This reflects a relatively neutral buyer interest compared to the state or city average. Despite this, the high rental yield and the low vacancy rate suggest that the interest may be coming from savvy investors looking for cash flow positive properties.

    As these metrics reflect, while every property market has its strengths and weaknesses, the advantageous aspects of Gray’s housing market in Q3 2023 have been the high rental yield and the relatively high socio-economic status of its inhabitants. It’s always beneficial to analyse these stats combined with local market trends and insights to make well-informed property investment decisions. Utilisation of enhanced tools like the RCS (Relative Composite Score) developed by HtAG analytics can automate much of this research process, providing an easy way to gauge the viability of your property investment.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment