Gray

POSTAL CODE: NT, 830
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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 2.43% growth over a ten-year period. It ranks 3629th 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 24.54% for the past year, which is higher than average compared to its 66.39% growth within a five-year period.

With the median home price in GRAY sitting at $507,500, and the average rent at $560, property owners could potentially earn a 5.74% 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.

Surburb overview

"Gray is a family-friendly suburb located in the Northern Territory that falls under the jurisdiction of the City of Palmerston, offering residents a peaceful suburban lifestyle with access to essential amenities and a strong sense of community.

Gray is conveniently situated approximately 21 kilometres southeast of Darwin’s central business district (CBD). While it provides a tranquil suburban atmosphere, it remains within a reasonable commuting distance to the heart of the city.

With a population of around 3,000 residents, Gray is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Gray benefits from efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Gray Primary School and nearby Palmerston Senior College provide quality education options for families. The Palmerston Shopping Centre, just a short distance away, offers a variety of retail shops, dining options and entertainment facilities.

Gray presents a range of recreational opportunities. The suburb boasts multiple parks, playgrounds and green spaces, making it ideal for outdoor activities and family picnics. Additionally, the Palmerston Water Park is a popular destination for water play and relaxation during the hot NT summers.

Gray offers a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "

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