Gray

Gray, NT 0830 is a suburb with a growing population, particularly in the younger age groups. The median household income is moderately high, and the majority of residents commute by motor vehicle. There is a mix of occupations present, with Technicians and Tradeworkers being one of the largest occupational groups. The suburb offers a balanced lifestyle with various commuting options and a moderate percentage of residents working from home. Both houses and units in Gray present good investment opportunities. Houses have a higher median sale price and rental yield, making them suitable for long-term investment. With a high market absorption rate and low vacancy rate, there is strong demand in the housing market. Units, on the other hand, offer a more affordable entry point and have shown consistent growth over the years. The suburb's room demand-supply ratio indicates potential for investment in rental properties. Gray, NT 0830 offers a vibrant community with a mix of residents across different age groups and occupations. The suburb provides good investment prospects for both houses and units, with strong market demand and growth potential. With a range of commuting options and a moderate WFH rate, Gray caters to residents seeking a balanced lifestyle and investors looking for promising opportunities in the property market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022