Gray vs Bakewell
Gray (median $390,000) is roughly 20% cheaper to buy into than Bakewell ($484,500).
Buying in Gray or Bakewell?
Selling in Gray? The free selling guide
Gray and Bakewell side by side
| Measure | Gray | Bakewell |
|---|---|---|
| Price and market | ||
| Median house | $390,000 | $484,500 |
| Median unit | $250,000 | $257,000 |
| Renting | ||
| House rent | $370/wk | $420/wk |
| Unit rent | $300/wk | $380/wk |
| Owner occupied | 47.0% | 52.0% |
| Renter occupied | 50.0% | 46.0% |
| Schools | ||
| Schools nearby | 16 | 16 |
| Average ICSEA | 943 | 943 |
| Lifestyle and people | ||
| Walk score | – | 16 |
| Transit score | – | 0 |
| Bike score | – | 100 |
| Population | 3,142 | 3,091 |
| Median age | 34 | 32 |
| Climate | ||
| Annual rainfall | 1773 mm | 1773 mm |
| Mean max, January | 32.3°C | 32.3°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
- For buyers
- Gray is the lower entry point at $390,000 median, 20% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Gray offers the higher gross rental yield (4.93% vs 4.51%), favouring cash-flow investors.
- For families
- School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.
Gray vs Bakewell: common questions
Is Gray or Bakewell cheaper to buy in?
Gray has the lower median house price at $390,000, roughly 20% below Bakewell ($484,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which suburb has higher rental yield, Gray or Bakewell?
Gross rental yield on houses is 4.93% in Gray vs 4.51% in Bakewell. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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