Suburb Profile Report for The Gap QLD (4061)

The Gap House: Median price $658,750, Annual capital growth 4.62%, Number of sales 234, Weekly median advertised rent $520

The Gap Unit: Median price $455,000, Annual capital growth 4.91%, Number of sales 17, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$658,750 $455,000
1.35% -1.09%
4.56% -5.97%
4.62% 4.91%
$520 $500
234 17
4.10% 5.71%
57.14 68.93

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in The Gap QLD
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
Chart Table
Recent sales & rentals