If you compare the increase in value of investment property in The Gap, 0870 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -11.50%.
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 Gap, 0870’s gross rental yield is 6.83%
NT has seen average median house prices change by -1.93% which means that The Gap, 0870 has not done well for property investors by showing a capital gain of 3.92% over the last year
The five-year average increase in median property values for The Gap,0870 has given property investors a potential capital gain of -22.06% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that The Gap is offering property investors an average of -8.16. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in NT
Property investors should expect to get $365 weekly from the median priced house in this suburb.