The Gap has had a A very good year for property investment returns compared to the rest of NT, giving investors a capital gain of 19.40% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, The Gap comes in at number 26th in NT.
Sellers are offering property buyers an average discount of -4.11% to buyers in The Gap at the moment, which is less than average for the rest of NT.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.85%, without taking into account capital value appreciation, which has been averaging out at 6.28%.
NT has seen average median house prices change by -4.08% which means that The Gap, 0870 has not done well for property investors by showing a capital gain of -17.21% over the last year
Across a shorter period, The Gap, 0870 has seen a median price increase of 0.00% over the last quarter.
At number 15th of NT’s most discounted properties, The Gap is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.46%, investors should hope to achieve an overall return of 7.34%