Ambleside vs Gray
Property investment comparison - Ambleside, TAS 7310 vs Gray, TAS 7215
Head-to-head across core investment metrics: Ambleside wins 1, Gray wins 1. 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.
| Metric | Ambleside | Gray |
|---|---|---|
| Median house price | $680K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.09% | 4.39% |
| Gross rental yield (units) | 3.41% | - |
| 1-year house growth | +12.6%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.7% | 2.4% |
| Population | 695 | 71 |
Ambleside vs Gray: what the numbers say
On cash flow, Gray leads: houses there return a gross rental yield of 4.39%, compared with 4.09% in Ambleside, a gap of 0.30 percentage points.
Rental vacancy is 1.7% in Ambleside and 2.4% in Gray, so landlords in Ambleside face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ambleside is the bigger suburb, with a population of 695 against 71, roughly 10 times the size of Gray; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gray for rental income, Ambleside for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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