Rental supply is extremely tight while prices are accelerating. This structural imbalance favours continued growth.
VERDICT
BUY
Supply Constrained Growth
DEMAND
35 buyers/listing
Strong↑
LIQUIDITY
20d DOM
Strong↑
AFFORDABILITY
30.0% vs 5yr
Weak↓
GROWTH OUTLOOK
Good
Strong↑
YIELD
5.2%
Strong↑
SUPPLY PRESSURE
0.8% vacancy
Strong↑
#16/36GoodStructure 99Room to run$598K
Atlaso rates Gray houses as BUY for capital growth. Vacancy is extremely tight at 0.83%, well below the 2.5% equilibrium. 66% of BUY-rated suburbs grew more than 8% in our validated testing.
At $598K, Gray ranks #16 of 36 houses in Darwin. The long-term structural outlook is Good. Prices grew 26.8% over the past year, showing strong momentum.
OPPORTUNITY ENGINE
Structural opportunity remains selective at this price level.
5 stronger-positioned houses identified in Darwin.
BalancedNo strong buyer or seller advantage right now.
+6.7%
Asking Prices (3mo)
+12.4%
Rents (12mo)
0.4%
Vacancy ↓
48%
Fresh Stock (<30d)
House Asking Prices (12 months)
$802K
House Weekly Rents (12 months)
$696/wk
Vacancy Rate (24 months)
--- 1.5% tight--- 3.0% loose
Listing Age (12 months)
Fresh (<30d)30-60d60-90d90-180d180d+
Data for postcode 0830.
Momentum Health
Room to run
24% stall probability
Gray is growing at 26.8% annually with no signs of slowing. Vacancy remains tight and the suburb has not yet reached its affordability ceiling relative to Darwin.
STALL RISK24%
Suburb Profile
Gray at a Glance
Household Income
$2,027/wk
Median household
Median Age
33
Years
Mortgage Stress
22%
of income
Population Growth
-3.4%
vs state -0.4%
Ownership Mix
12.8%owned43.1%mortgage37.8%renting
Demographic Trends
Gray Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full Gray Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates Gray as BUY confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Gray and 46 Australian cities to generate this rating.
What is the median house price in Gray?
The current median house price in Gray, nt is $598K, with annual growth of +14.0%. Properties sell in approximately 20 days.
How fast do properties sell in Gray?
Properties in Gray sell in 20 days on average. The market is currently rated Good. This is faster than the national average, indicating strong buyer demand.
What is the growth outlook for Gray?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Gray's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Gray?
The gross rental yield for houses in Gray is 5.2%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).