The Gap is in the TOP 30% in NT when comparing median price capital growth over the last year. The Gap gave property investors a good capital gain figure when compared to the rest of the state, with 16.17%.
While The Gap,0870 ranked number 38th in NT for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
Advertised rents are around the $460 mark per week – giving a return of 5.68% based on the median price in Suburb
Property investors who have had real estate in The Gap, 0870 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -14.74%
The Gap,0870 has offered an average of -14.74% return per annum in house price rises to property investors over the last three years.
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.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.