Across a shorter period, The Gap, 0870 has seen a median price increase of -3.61% over the last quarter.
The Gap, 0870 is offering NT ‘s 44th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NT.
Residents and property investors in The Gap have been waiting around 66.5 days to sell a property.
With the median price for a house in The Gap being $400000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.85%
Investment property in The Gap has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.07%
A -20.31% growth in median value for property investors in The Gap,0870 puts this suburb at number 12th in terms of best performing suburbs in NT
Our latest figures would indicate that property sellers in The Gap are currently offering property investors an average price cut of -5.56% below the asking price at the moment.
At number 1250 in a list of fastest selling suburbs, The Gap is in the bottom 20% of suburbs in Australia with an average of days on market 111.37 for properties listed there.
The NT suburb of The Gap, 0870 is in the Alice Springs local government area.