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The Gap

POSTAL CODE: NT, 870
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Property investors enjoyed capital gains of 4.96% 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.

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 7.45% increase in returns based on the current median price in THE GAP.

THE GAP, 870 ranks 40th 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 7.45% return.

Surburb overview

"The Gap is a serene and picturesque suburb nestled in the heart of Alice Springs, offering residents a tranquil and family-friendly lifestyle with access to essential amenities and the rugged beauty of the Australian outback. Located just a stone’s throw from Alice Springs’ central business district (CBD), The Gap combines convenience with natural splendour.

The Gap is situated about 2 kilometres to the northwest of Alice Springs’ CBD. Its close proximity allows residents to easily access the city’s amenities while residing in a peaceful suburban environment.

With a population of around 2,000 residents, The Gap is a diverse and close-knit community. The suburb attracts a mix of families, professionals, retirees and nature enthusiasts, creating a harmonious blend of cultures and backgrounds.

The Gap enjoys public transportation connectivity, with regular bus services linking it to Alice Springs’ CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Bradshaw Primary School and St Philip’s College. The nearby Alice Springs Plaza has a variety of retail shops, dining options and services for daily needs.

The Gap presents a range of recreational opportunities. The suburb’s proximity to the picturesque Alice Springs Telegraph Station Historical Reserve provides opportunities for nature walks, picnics and learning about the region’s history. Residents can explore the Alice Springs Desert Park for wildlife encounters and cultural experiences. The nearby West MacDonnell Ranges offer hiking and camping adventures for outdoor enthusiasts.

The Gap provides a tranquil suburban lifestyle with easy access to essential amenities and the rugged beauty of the Australian outback. Its diverse and close-knit community, educational institutions and proximity to Alice Springs make it an appealing choice for individuals and families seeking a serene yet well-connected place to call home in the territory."

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