Property value increases in The Gap have tracked close to the QLD average of 2.39% over the last 12 months.
While The Gap,4061 ranked number 310th in QLD for increase in median house value (annualised) increase, it is ranked 267th over the last 5 years.
Our latest figures would indicate that property sellers in The Gap are currently offering property investors an average price cut of -5.65% below the asking price at the moment.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 4.62%, investors should hope to achieve an overall return of 4.10%
Property value increases in The Gap have tracked just lower than the QLD average of 0.48% over the last 12 months.
Across a shorter period, The Gap, 4061 has seen a median price increase of -1.09% over the last quarter.
The Gap4061 is located in QLD which offers an average discount of -6.15% to property investors. The Gap itself is showing figures that indicate -4.43% is the average achievable by property buyers investing in the suburb.
At number 591 in a list of fastest selling suburbs, The Gap is just in the top half of suburbs in Australia with an average of days on market 68.93 for properties listed there.