Property value increases in The Gap have tracked just higher than the NT average of -3.80% over the last 12 months.
A -18.97% growth in median value for property investors in The Gap,0870 puts this suburb at number 43th in terms of best performing suburbs in NT
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in The Gap, 0870. Typically our figures indicate that -5.61% is being offered, which puts this NT suburb at 2561th most discounted overall in Australia.
At number 4414 in a list of fastest selling suburbs, The Gap is in the bottom 10% of suburbs in Australia with an average of days on market 202 for properties listed there.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 5.05%, investors should hope to achieve an overall return of 6.93%
At number 171th in the list of Australian suburbs ordered by increase in median house value over the last year, The Gap, 0870 is in the top 10% with a property value increase of 15.31% recorded in median house prices.
Comparing The Gap,0870 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 14th of NT’s most discounted properties, The Gap is in the TOP 20% of the state/territory when listing in order of most discounted to least.
The Gap is 11th on a list of best yielding suburbs for rents in NT with a 6.46% return