If you compare the increase in value of investment property in The Gap, 0870 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NT suburb was 3.75%.
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 -4.02% is being offered, which puts this NT suburb at 3065th most discounted overall in Australia.
Advertised rents are around the $530 mark per week – giving a return of 6.64% based on the median price in Suburb
The Gap is in the TOP 20% in NT when comparing median price capital growth over the last year. The Gap gave property investors a very good capital gain figure when compared to the rest of the state, with 9.80%.
Over the longer term, The Gap has seen property prices show investors a -19.77% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for The Gap is $280000, with sellers offering an average of -4.84% off the asking price.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
The Gap is 3rd on a list of best yielding suburbs for rents in NT with a 7.06% return