Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Based on its average 5-year and quarterly capital gains GRAY, 830 saw average growth 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 -1.61% decrease over a ten-year period. It ranks 4456th on our list of suburbs that property investors should look into.
GRAY, 830 in NT belongs to the local government area of Palmerston (C).
GRAY, 830 has a capital gain of 8.41% for the past year, which is higher than average compared to its -22.82% growth within a five-year period.
With the median home price in GRAY sitting at $341,500, and the average rent at $450, property owners could potentially earn a 6.85% 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 8.41% 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 36th.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.41%||N/A|
|Median 3 years||-2.43%||40.14%|
|Median 5 years||-22.82%||-20.3%|
|10 years average annual||-1.61%||0.66%|
|Weekly media advert. rent||$450||$320|
|Time on Market||76.6 days||0.0 days|
|Gross Rental Yield Percent||6.85%||6.28%|