Property investors enjoyed capital gains of 5% 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 high, as opposed to average gains per annum over the past five years.
The suburb posted a 7.69% 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 $530 based on current median home prices for the suburb.
On average, rents on listings have reached the $530 mark, reflecting a 6.56% increase in returns based on the current median price in THE GAP.
THE GAP, 870 ranks 7th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 6th on the list of best yielding suburbs for rental properties in NT, posting a 6.56% return.
Property investors have seen a -1.09% drop in THE GAP based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains THE GAP, 870 saw average decrease 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 $272,000.
Profits due to an downward trend in home prices in THE GAP, 870 averaged -7.79% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $372.5 based on current median home prices for the suburb.
The gross rental yield in THE GAP, 870 is 7.12%.
An average of 1.83 real estate transactions take place per month in THE GAP which translates to 22 per annum.
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