Suburb Profile Report for The Gap NT (0870)

The Gap House: Median price $340,000, Annual capital growth 2.64%, Number of sales 17, Weekly median advertised rent $460

The Gap Unit: Median price $287,500, Annual capital growth 3.57%, Number of sales 18, Weekly median advertised rent $375

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

The Gap, 0870 ranked 39th in NT when comparing growth in median property values or capital gain over the last 12 months. The Gap is one of 124 in our list for NT

While The Gap,0870 ranked number 51th in NT for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.

In the last year 17 properties changed hands in The Gap, which puts it as the 40th most active market in NT when comparing the number of sales per suburb.

With the median price for a house in The Gap being $340000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 7.04%

The Gap, 0870 ranked 7th in NT when comparing growth in median property values or capital gain over the last 12 months. The Gap is one of 124 in our list for NT

Across a shorter period, The Gap, 0870 has seen a median price increase of 0.88% over the last quarter.

The Gap, 0870 is offering NT ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NT.

Often selling an investment property can take time, and in The Gap the average time real estate has been on the market is 102.846 days.

Situated 1291.55km from the CBD, The Gap is one of Alice Springs (T) localities in the postcode 0870.

Metrics i HOUSE UNIT
$340,000 $287,500
-8.11% 0.88%
-6.85% -4.96%
2.64% 3.57%
$460 $375
17 18
7.04% 6.78%
93.7 102.846153846154

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in The Gap NT
Demographics
Total population 1692
Median household income ($/weekly) 1455
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 157 9.3
    25-34 years 426 25.2
    35-44 years 294 17.4
    45-54 years 223 13.2
    55-64 years 165 9.7
    Others 428 25.3
    Age Group
    Census Count Percent(%)
    Not Married 589 55.9
    Registered Married 305 28.9
    Defacto Relationship 160 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1019 69.7
    Indonesia 98 6.7
    Papua New Guinea 59 4.0
    United Kingdom 55 3.8
    Other 123 8.4
    Others 108 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 51 3.7
    Christianity 874 63.0
    Hinduism 42 3.0
    Other Religious Groups 23 1.7
    No Religion 387 27.9
    Others 11 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 65 12.7
    $1,250-$1,499 55 10.7
    $1,500-$1,999 85 16.6
    $2,000-$2,499 73 14.3
    $2,500-$2,999 44 8.6
    Others 190 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 704 57.9
    Not in the labour force 261 21.5
    Employed, worked part-time 159 13.1
    Employed, away from work 66 5.4
    Unemployed, looking for work 26 2.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 296 32.0
    Technicians & trades workers 118 12.8
    Community & personal service workers 142 15.4
    Clerical & administrative workers 93 10.1
    Labourers 87 9.4
    Others 188 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 23 7.7
    Infants/Primary 95 32.0
    Secondary 55 18.5
    Technical or Further Educational Institution 40 13.5
    University or other Tertiary Institutions 68 22.9
    Others 16 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 666 50.1
    Flat, unit or apartment 517 38.9
    Semi-detached, row or terrace house, townhouse 123 9.3
    Improvised home, tent, sleepers out 23 1.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 329 58.1
    Being purchased 178 31.4
    Fully owned 53 9.4
    Other tenure type 6 1.1
    Tenure Type
Census 2011, ABS
Chart Table