The Gap is in the bottom 20% in NT when comparing median price capital growth over the last year. The Gap gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.62%.
The Gap,0870 has offered an average of -8.62% return per annum in house price rises to property investors over the last three years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.51% offered to property buyers. Sellers in The Gap itself are offering an average vendor discount of -3.59% to real estate investors.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
The Gap has had a pretty average year for property investment returns compared to the rest of NT, giving investors a capital gain of -4.24% to date .
The Gap,0870 was ranked 1007 in Australia by increase in median property value over the quarter.
Property buyers and investors in The Gap 0870 should be seeing an average reduction in asking price of around -6.64% . This means that The Gap is holding prices well when compared to other suburbs in NT.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.