NT has seen average median house prices change by -0.91% which means that The Gap, 0870 has not done well for property investors by showing a capital gain of 1.39% over the last year
The Gap,0870 was ranked 3355 in Australia by increase in median property value over the quarter.
A $475 per week rent on the median house gives suburb investors a gross yield of circa 6.77%, without taking into account capital value appreciation, which has been averaging out at 0.60%.
Investment property in The Gap has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.35%
When looking at the potential capital gains offered to property investors over the last 3 years, The Gap comes in at number 1st in NT.
In the last year 15 properties changed hands in The Gap, which puts it as the 13th most active market in NT when comparing the number of sales per suburb.
The Gap, 0870’s gross rental yield is 6.96%