Suburb Profile Report for The Gap NT (0870)

The Gap House: Median price $400,000, Annual capital growth 6.28%, Number of sales 12, Weekly median advertised rent $450

The Gap Unit: Median price $255,000, Annual capital growth 3.46%, Number of sales 46, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$400,000 $255,000
N/A 0.00%
19.40% -17.21%
6.28% 3.46%
$450 $360
12 46
5.85% 7.34%
66.5 109.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1692
Median household income ($/weekly) 1455
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 157 9.3
    25-34 years 426 25.2
    35-44 years 294 17.4
    45-54 years 223 13.2
    55-64 years 165 9.7
    Others 428 25.3
    Age Group
    Census Count Percent(%)
    Not Married 589 55.9
    Registered Married 305 28.9
    Defacto Relationship 160 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1019 69.7
    Indonesia 98 6.7
    Papua New Guinea 59 4.0
    United Kingdom 55 3.8
    Other 123 8.4
    Others 108 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 51 3.7
    Christianity 874 63.0
    Hinduism 42 3.0
    Other Religious Groups 23 1.7
    No Religion 387 27.9
    Others 11 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 65 12.7
    $1,250-$1,499 55 10.7
    $1,500-$1,999 85 16.6
    $2,000-$2,499 73 14.3
    $2,500-$2,999 44 8.6
    Others 190 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 704 57.9
    Not in the labour force 261 21.5
    Employed, worked part-time 159 13.1
    Employed, away from work 66 5.4
    Unemployed, looking for work 26 2.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 296 32.0
    Technicians & trades workers 118 12.8
    Community & personal service workers 142 15.4
    Clerical & administrative workers 93 10.1
    Labourers 87 9.4
    Others 188 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 23 7.7
    Infants/Primary 95 32.0
    Secondary 55 18.5
    Technical or Further Educational Institution 40 13.5
    University or other Tertiary Institutions 68 22.9
    Others 16 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 666 50.1
    Flat, unit or apartment 517 38.9
    Semi-detached, row or terrace house, townhouse 123 9.3
    Improvised home, tent, sleepers out 23 1.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 329 58.1
    Being purchased 178 31.4
    Fully owned 53 9.4
    Other tenure type 6 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals