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AREA REPORTS

The Gap

Suburb Profile

The Gap - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4061

house
unit

Property investments in THE GAP did not fare well against the rest of the country last year, registering a median home price decrease of 4.35%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains THE GAP, 4061 saw average growth in the long term.

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 39.8 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $720,000.

THE GAP ranks 618th on the list of best yielding suburbs for rental properties in QLD, posting a 3.97% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $720,000 $485,000
GROWTH REPORT
Median Quarterly 1.05% 0%
Median 12 month 4.35% -4.2%
Median 3 years 14.83% 4.3%
Median 5 years 26.32% 3.74%
10 years average annual 3.82% 1.99%
Weekly media advert. rent $550 $465
Time on Market 39.8 days 55.3 days
Gross Rental Yield Percent 3.97% 4.99%
demographics (median values)
Total Population
16121
Weekly Household Income
1548
Household Size
2.90
demographics
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