Over the last year, property investments in The Gap, 0870 have given investors a capital gain of 8.43%. This compares very favourably with the -1.23% for NT as a whole.
At number 745th in the list of Australian suburbs ordered by increase in median house value over the last year, The Gap, 0870 is in the top half with a property value increase of -1.69% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in The Gap has fallen somewhat when compared to the 5 year average annual rate.
With the median price for a house in The Gap being $290000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 6.99%