Gray is an affordable Palmerston suburb popular with families and investors for its competitive pricing, schools and parks. Part of Palmerston's original residential core with strong defence rental demand and solid yields. At the current $450k median house price, an 80% loan at 6.25% over 30 years is about $2,217 per month.
| Median house price | $450,000 |
|---|---|
| Median unit price | $295,000 |
| Estimated monthly repayment | $2,217 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6% |
| Gross rental yield | 7.2% |
| Typical days on market | 28 |
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