Property investors enjoyed capital gains of 1.88% over the last 12 months in THE GAP, translating to lower returns compared with its peers in NT.
Figures from the previous quarter show that capital gains for real estate buyers in THE GAP are low, as opposed to average gains per annum over the past five years.
The suburb posted a 4.49% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $540 based on current median home prices for the suburb.
On average, rents on listings have reached the $540 mark, reflecting a 6.89% increase in returns based on the current median price in THE GAP.
THE GAP, 870 ranks 11th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 4th on the list of best yielding suburbs for rental properties in NT, posting a 6.89% return.
Property investors have seen a 2.41% gain in THE GAP based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on THE GAP, 870 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 12.45%.
Based on its average 5-year and quarterly capital gains THE GAP, 870 saw average growth in the long term.
THE GAP, 870 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $286,750.
Profits due to an downward trend in home prices in THE GAP, 870 averaged -6.26% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
The gross rental yield in THE GAP, 870 is 6.71%.
An average of 1.92 real estate transactions take place per month in THE GAP which translates to 23 per annum.
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