Suburb Profile Report for The Gap NT (0870)

The Gap House: Median price $400,000, Annual capital growth 5.75%, Number of sales 11, Weekly median advertised rent $430

The Gap Unit: Median price $255,000, Annual capital growth 2.91%, Number of sales 44, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 822th in the list of Australian suburbs ordered by increase in median house value over the last year, The Gap, 0870 is in the top 20% with a property value increase of 11.73% recorded in median house prices.

The Gap,0870 has offered an average of 11.73% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in The Gap, 0870. Typically our figures indicate that -5.33% is being offered, which puts this NT suburb at 2286th most discounted overall in Australia.

In the last year 11 properties changed hands in The Gap, which puts it as the 50th most active market in NT when comparing the number of sales per suburb.

The Gap is 12th on a list of best yielding suburbs for rents in NT with a 5.59% return

The Gap, 0870 ranked 23th 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

The Gap,0870 has offered an average of -20.81% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in The Gap should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 44 properties changed hands in The Gap, which puts it as the 6th most active market in NT when comparing the number of sales per suburb.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

HOUSE UNIT
$400,000 $255,000
N/A 6.69%
11.73% -20.81%
5.75% 2.91%
$430 $360
11 44
5.59% 7.34%
85.63 132.25

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in The Gap NT
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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