Suburb Profile Report for The Gap QLD (4061)

The Gap House: Median price $720,000, Annual capital growth 3.82%, Number of sales 246, Weekly median advertised rent $550

The Gap Unit: Median price $485,000, Annual capital growth 1.99%, Number of sales 23, Weekly median advertised rent $465

  • 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

Investment property in The Gap has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.35%

While The Gap,4061 ranked number 262th in QLD for increase in median house value (annualised) increase, it is ranked 136th over the last 5 years.

The most recent median price for The Gap is $720000, with sellers offering an average of -4.46% off the asking price.

The Gap is 618th on a list of best yielding suburbs for rents in QLD with a 3.97% return

QLD has seen average median house prices change by -0.57% which means that The Gap, 4061 has not done well for property investors by showing a capital gain of -4.20% over the last year

Taking the average capital gain, or increase in median house value, The Gap,4061 has racked up an average of -4.20% over the period. This ranks it number 733th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $465 and the average annual increase in value of a median property of 1.99%, investors should hope to achieve an overall return of 4.99%

Metrics i HOUSE UNIT
$720,000 $485,000
1.05% 0.00%
4.35% -4.20%
3.82% 1.99%
$550 $465
246 23
3.97% 4.99%
39.8807339449541 55.375

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 : Good (H), Above average (U)
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Demographics
Total population 15949
Median household income ($/weekly) 1937
Median age of persons 40
Median housing loan repayment ($/monthly) 2100
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2331 14.6
    25-34 years 1382 8.7
    35-44 years 2411 15.1
    45-54 years 2410 15.1
    55-64 years 2032 12.7
    Others 5384 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 6695 56.5
    Not Married 4243 35.8
    Defacto Relationship 920 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 11939 77.0
    Papua New Guinea 496 3.2
    South Africa 334 2.2
    United Kingdom 1203 7.8
    Other 526 3.4
    Others 1004 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 180 1.2
    Christianity 10334 69.6
    Hinduism 84 0.6
    Other Religious Groups 65 0.4
    No Religion 4094 27.6
    Others 98 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 589 12.0
    $2,000-$2,499 516 10.6
    $2,500-$2,999 701 14.3
    $3,000-$3,499 509 10.4
    $4,000 or more 379 7.8
    Others 2196 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5036 41.2
    Not in the labour force 3553 29.0
    Employed, worked part-time 2823 23.1
    Employed, away from work 453 3.7
    Unemployed, looking for work 373 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 1220 14.7
    Professionals 2915 35.1
    Technicians & trades workers 813 9.8
    Clerical & administrative workers 1309 15.7
    Sales 741 8.9
    Others 1316 15.8
    Occupation
    Census Count Percent(%)
    Pre-school 225 5.0
    Infants/Primary 1616 36.0
    Secondary 1215 27.1
    Technical or Further Educational Institution 270 6.0
    University or other Tertiary Institutions 1071 23.9
    Others 89 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14798 96.9
    Semi-detached, row or terrace house, townhouse 419 2.7
    Flat, unit or apartment 55 0.4
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2357 44.0
    Fully owned 2173 40.6
    Rented 812 15.2
    Other tenure type 13 0.2
    Tenure Type
Census 2011, ABS
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