Suburb Profile Report for The Gap QLD (4061)

The Gap House: Median price $629,000, Annual capital growth 4.75%, Number of sales 232, Weekly median advertised rent $520

The Gap Unit: Median price $471,400, Annual capital growth 5.44%, Number of sales 28, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.08% for the last 12 months, The Gap, 4061 has performed for property investments than its average annual 4.75% property growth over the last 5 years.

Over the longer term, The Gap has seen property prices show investors a 11.28% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in The Gap is giving property investors an average Vendor Discount of around -6.08%. This puts suburb at number 461th in QLD when ranking the most discounted suburbs.

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 4.75%, investors should hope to achieve an overall return of 4.30%

Property investors who have had real estate in The Gap, 4061 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.11%

Over the longer term, The Gap has seen property prices show investors a 8.37% return over the last 3 years. This is worse than over the last 12 months

The Gap4061 is located in QLD which offers an average discount of -5.97% to property investors. The Gap itself is showing figures that indicate -3.80% is the average achievable by property buyers investing in the suburb.

Residents and property investors in The Gap have been waiting around 80.88 days to sell a property.

With the median price for a house in The Gap being $471400 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 5.52%

HOUSE UNIT
$629,000 $471,400
0.64% N/A
0.08% -7.11%
4.75% 5.44%
$520 $500
232 28
4.30% 5.52%
59.97 80.88

Source: CoreLogic

DSR Score for property investment : 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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