Suburb Profile Report for The Gap QLD (4061)

The Gap House: Median price $815,000, Annual capital growth 4.09%, Number of sales 290, Weekly median advertised rent $550

The Gap Unit: Median price $581,250, Annual capital growth 2.63%, Number of sales 22, Weekly median advertised rent $500

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in The Gap, 4061 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.57%

The Gap,4061 was ranked 1883 in Australia by increase in median property value over the quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in The Gap itself are offering an average vendor discount of -4.91% to real estate investors.

At number 184 in a list of fastest selling suburbs, The Gap is in the TOP 10% of suburbs in Australia with an average of days on market 26.6842 for properties listed there.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in The Gap, 4061 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 21.09%.

Comparing The Gap,4061 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The QLD suburb of The Gap, 4061 is in the Brisbane (C) local government area.

Metrics i HOUSE UNIT
$815,000 $581,250
4.76% 6.65%
11.57% 21.09%
4.09% 2.63%
$550 $500
290 22
3.51% 4.47%
26.6842105263158 40.3846153846154

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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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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