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Adventure Bay vs Gray

Property investment comparison - Adventure Bay, TAS 7150 vs Gray, TAS 7215

Head-to-head across core investment metrics: Adventure Bay wins 0, Gray wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricAdventure BayGray
Median house price$700K-
Median unit price$350K-
Gross rental yield (houses)2.71%4.39%
Gross rental yield (units)4.79%-
1-year house growth+4.7%estimate-
3-year house growth--
Vacancy rate4.5%2.4%
Population21871

Adventure Bay vs Gray: what the numbers say

On cash flow, Gray leads: houses there return a gross rental yield of 4.39%, compared with 2.71% in Adventure Bay, a gap of 1.68 percentage points.

Rental vacancy is 2.4% in Gray and 4.5% in Adventure Bay, so landlords in Gray face less competition for tenants.

Adventure Bay is the bigger suburb, with a population of 218 against 71, roughly 3.1 times the size of Gray; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Gray for rental income, Gray for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Adventure Bay vs Gray: Property Investment Comparison (2026)