Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in The Gap has fallen somewhat when compared to the 5 year average annual rate.
The NT suburb of The Gap, 0870 is in the Alice Springs local government area.
The Gap, 0870 ranked 5th in NT when comparing growth in median property values or capital gain over the last 12 months. The Gap is one of 124 in our list for NT
A -24.94% growth in median value for property investors in The Gap,0870 puts this suburb at number 9th in terms of best performing suburbs in NT
Property investors looking for a bargain in The Gap should be aiming for at least -4.96% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in The Gap have been waiting around 86.9 days to sell a property.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 7.44%, without taking into account capital value appreciation, which has been averaging out at 5.17%.