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Suburb Insights ยท TAS 7215

Gray 7215, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Gray is a regional centre in Tasmania, Australia, with a population of approximately 71, making it a boutique locality. Located approximately 156 km from the Hobart CBD, Gray is a regional area in Tasmania. The median household income is $35,100 AUD per year (ABS 2021 Census).

Investment Score

22 / 100 Weak

Household earnings in Gray are below the state average, which may affect long-term capital growth. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Gray, Tasmania, Australia.

Key Indicators

Postcode
7215

Official Australia Post postcode for Gray. A postcode may cover multiple suburbs.

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Population
71

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
N/A

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$35,100/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
156 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$553/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
79% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Gray serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. 79% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Gray may be constrained โ€” consider alternative strategies.

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Rental Yield

Gray's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Limited buyer depth in Gray makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Gray property

Full Property Analysis

30-year projections for Gray

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Gray is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Gray may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Gray is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Gray a good suburb for investment?

Gray is a regional area in Tasmania with a population of 71. the median household income is $35,100/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Gray?

Key demand drivers in Gray include regional employment hubs, lifestyle, and affordability. 79% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Gray?

According to the ABS 2021 Census, Gray has a population of approximately 71. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Gray from the Hobart CBD?

Gray is approximately 156 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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