Suburb Profile Report for The Gap NT (0870)

The Gap House: Median price $344,500, Annual capital growth 2.15%, Number of sales 18, Weekly median advertised rent $460

The Gap Unit: Median price $282,500, Annual capital growth 2.82%, Number of sales 18, Weekly median advertised rent $380

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

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

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$344,500 $282,500
-6.89% -1.74%
-8.62% -4.24%
2.15% 2.82%
$460 $380
18 18
6.94% 6.99%
88.2727272727273 91.5833333333333

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

DSR Score for property investment : Above average (H), Balanced (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
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