AREA REPORTS

The Gap

NT/
The gap

Suburb Profile

The Gap - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,870

house
unit

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.

This number can mean, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

On average, rents on listings have reached the $470 mark, reflecting a 6.93% increase in returns based on the current median price in THE GAP.

THE GAP, 870 ranks 20th 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 6.93% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $352,500 $285,000
GROWTH REPORT
Median Quarterly -2.76% -1.72%
Median 12 month -0.14% 0%
Median 3 years 5.22% -7.47%
Median 5 years -18.02% -23.28%
10 years average annual 4.77% 3.33%
Weekly media advert. rent $470 $390
Time on Market 0.0 days 81.0 days
Gross Rental Yield Percent 6.93% 7.12%
demographics (median values)
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