Based on its average 5-year and quarterly capital gains GRAY, 830 saw average decrease in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that GRAY, 830 obtained a 1.31% growth over a ten-year period. It ranks 3480th on our list of suburbs that property investors should look into.
GRAY, 830 in NT belongs to the local government area of Palmerston.
GRAY, 830 has a capital gain of -12.35% for the past year, which is lower than average compared to its -23.98% growth within a five-year period.
With the median home price in GRAY sitting at $355,000, and the average rent at $440, property owners could potentially earn a 6.45% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GRAY are high, as opposed to average gains per annum over the past five years.
A -12.35% increase in median property prices in GRAY, 830 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 39th.
GRAY, 830 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $225,000.
Profits due to an downward trend in home prices in GRAY, 830 averaged -12.21% per annum over a 3-year period.
Home owners selling their properties and realtors in GRAY usually have to wait an average of 123.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $320 mark, reflecting a 7.4% increase in returns based on the current median price in GRAY.