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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In the Gap, the median property price for a house is currently 1,246,000 with annual capital growth of 18.10 . There were 234 house sales in the past 12 months. On average, houses spend 14 days on market.
If you're thinking about buying an investment property in the Gap, consider that rental yields for houses are currently 3.32 with an average median rent of 770 weekly. Houses have seen 6.04 growth in the past quarter, and 18.10 growth in the past 12 months.
The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2011 was 15,949 people. By 2016 the population was 16,709 showing a population growth of 4.8% in the area during that time. The predominant age group in The Gap is 40-49 years.
Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 83.4% of the homes in The Gap were owner-occupied compared with 83% in 2016.
In the Gap, the median property price for a unit is currently 900,000 with annual capital growth of 18.66 . There were 31 unit sales in the past 12 months. On average, units spend 9 days on market.
If you're thinking about buying an investment property in the Gap, consider that rental yields for units are currently 3.68 with an average median rent of 650 weekly. Units have seen 1.02 growth in the past quarter, and 18.66 growth in the past 12 months.
The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2011 was 15,949 people. By 2016 the population was 16,709 showing a population growth of 4.8% in the area during that time. The predominant age group in The Gap is 40-49 years.
Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 83.4% of the homes in The Gap were owner-occupied compared with 83% in 2016.
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| Key Market Data | House | Unit |
| Median price | 1,246,000 | 900,000 |
| Quarterly growth | +6.04 | +1.02 |
| 12-month growth | +18.10 | +18.66 |
| Average annual growth | +11.75 | +13.34 |
| Weekly median rent | 770 | 650 |
| Gross rental yield | 3.32 | 3.68 |
| Number of Sales (12m) | 234 | 31 |
| Avg. Days on Market (12m) | 14 | 9 |
| Key Demographics | 2011 | 2016 |
| Total population | 15,949 | 16,709 |
| Population change (5y) | -1.06 | +4.80 |
| Median household income (p/w) | 1,961 | 2,159 |
| Household income change (5y) | +26.11 | +10.10 |
| Median age of persons | 39 | 41 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of the Gap was 16,709 in 2016, a +4.80 change compared to 2011.
The predominant age group in the Gap is 40-49 years.
The population of the Gap was 16,709 in 2016, a +4.80 change compared to 2011.
The predominant age group in the Gap is 40-49 years.
Most of the population in the Gap were born in Australia.
Most of the population in the Gap were born in Australia.
Most of the population in the Gap report their religion as No Religion.
Most of the population in the Gap report their religion as Catholic.
Most of the population in the Gap report their income range as 182,000 .
The median household income in the Gap was 2,159 in 2016, a +10.10 change compared to 2011.
Most of the population in the Gap report their income range as between 130,000 and 182,000 .
The median household income in the Gap was 1,961 in 2011, a +26.11 change compared to 2006.
Most of the population in the Gap work as Professional.
Most of the population in the Gap work as Professional.
The chart below demonstrates the various levels of education in the Gap.
The chart below demonstrates the various levels of education in the Gap.
Most of the population in the Gap reached a qualification level of Bachelor.
Most of the population in the Gap reached a qualification level of Bachelor.
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