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The Gap
AREA REPORTS

The Gap

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

house
unit

Property investors enjoyed capital gains of 12% 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 15.07% 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 $490 based on current median home prices for the suburb.

On average, rents on listings have reached the $490 mark, reflecting a 6.07% increase in returns based on the current median price in THE GAP.

THE GAP, 870 ranks 26th in NT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 11th on the list of best yielding suburbs for rental properties in NT, posting a 6.07% return.

Data report can be found below

The Gap
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $420,000 $247,000
GROWTH REPORT
Median Quarterly 1.2% 0.41%
Median 12 month 12% -12.26%
Median 3 years 15.07% -18.35%
Median 5 years 0.6% -2.76%
10 years average annual 0.1% -1.96%
Weekly media advert. rent $490 $425
Time on Market 0.0 days 126.3 days
Gross Rental Yield Percent 6.07% 8.95%
demographics (median values)*
Total Population
n.a.
Weekly Household Income
n.a.
Household Size
n.a.
Age
n.a.
Monthly Loan Repayment
n.a.
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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Age group
Top 10 Birth Countries
Dwelling Structures
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Tenure Type

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