Suburb Profile Report for The Gap QLD (4061)

The Gap House: Median price $660,000, Annual capital growth 4.80%, Number of sales 245, Weekly median advertised rent $520

The Gap Unit: Median price $457,500, Annual capital growth 4.96%, Number of sales 18, Weekly median advertised rent $510

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in The Gap, 4061 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.37%

If we look at median property appreciation over just the last three months, The Gap has given property investors a paper return of 2.33%. This puts Suburb as 221 on a list of fastest fasting appreciating suburbs in QLD

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, 4061. Typically our figures indicate that -5.26% is being offered, which puts this QLD suburb at 2322th most discounted overall in Australia.

Often selling an investment property can take time, and in The Gap the average time real estate has been on the market is 56.46 days.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 4.80%.

The Gap, 4061 ranked 266th in QLD when comparing growth in median property values or capital gain over the last 12 months. The Gap is one of 2415 in our list for QLD

Taking the average capital gain, or increase in median house value, The Gap,4061 has racked up an average of -3.97% over the period. This ranks it number 1298th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -4.47% to buyers in The Gap at the moment, which is less than average for the rest of QLD.

At number 502 in a list of fastest selling suburbs, The Gap is in the TOP 40% of suburbs in Australia with an average of days on market 65.16 for properties listed there.

Advertised rents are around the $510 mark per week – giving a return of 5.80% based on the median price in Suburb

Metrics i HOUSE UNIT
$660,000 $457,500
2.33% -0.54%
6.37% -3.97%
4.80% 4.96%
$520 $510
245 18
4.10% 5.80%
56.46 65.16

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 15949
Median household income ($/weekly) 1937
Median age of persons 40
Median housing loan repayment ($/monthly) 2100
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2331 14.6
    25-34 years 1382 8.7
    35-44 years 2411 15.1
    45-54 years 2410 15.1
    55-64 years 2032 12.7
    Others 5384 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 6695 56.5
    Not Married 4243 35.8
    Defacto Relationship 920 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 11939 77.0
    Papua New Guinea 496 3.2
    South Africa 334 2.2
    United Kingdom 1203 7.8
    Other 526 3.4
    Others 1004 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 180 1.2
    Christianity 10334 69.6
    Hinduism 84 0.6
    Other Religious Groups 65 0.4
    No Religion 4094 27.6
    Others 98 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 589 12.0
    $2,000-$2,499 516 10.6
    $2,500-$2,999 701 14.3
    $3,000-$3,499 509 10.4
    $4,000 or more 379 7.8
    Others 2196 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5036 41.2
    Not in the labour force 3553 29.0
    Employed, worked part-time 2823 23.1
    Employed, away from work 453 3.7
    Unemployed, looking for work 373 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1220 14.7
    Professionals 2915 35.1
    Technicians & trades workers 813 9.8
    Clerical & administrative workers 1309 15.7
    Sales 741 8.9
    Others 1316 15.8
    Occupation
    Census Count Percent(%)
    Pre-school 225 5.0
    Infants/Primary 1616 36.0
    Secondary 1215 27.1
    Technical or Further Educational Institution 270 6.0
    University or other Tertiary Institutions 1071 23.9
    Others 89 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14798 96.9
    Semi-detached, row or terrace house, townhouse 419 2.7
    Flat, unit or apartment 55 0.4
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2357 44.0
    Fully owned 2173 40.6
    Rented 812 15.2
    Other tenure type 13 0.2
    Tenure Type
Census 2011, ABS
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