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The Gap, QLD 4061
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,410,000
market range $1.4M-$1.4M
Median Unit
$1,070,000
market range $1.0M-$1.1M
Gross Yield (houses)
3.2%
1yr Growth (houses)
+2.2%
market range +0.0% to +7.5%
Investment snapshot for The Gap
The Gap has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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The Gap market and investor summary
In The Gap, QLD 4061, the median house sells for around $1.4M, on a gross rental yield of 3.2% for houses. House prices have moved +2.2% over the past year and +34.4% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in The Gap: people, income and schools
The Gap has a resident population of roughly 17,318, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $134,000 a year (about $2,570 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
Families have 28 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. The Gap sits about 8.4 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 70 for walkability and 21 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 17,318
- +5% over 5yr
- Median age
- 42 years
- Median household income
- $134,000/yr
- Households renting
- 15%
- Family households
- 83%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 28
- avg ICSEA 1128
- Unemployment
- 3.4%
- Distance to CBD
- 8.4 km
- Walk score
- 70/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in The Gap
View all →Frequently asked questions about The Gap
What should I check before investing in The Gap?
The Gap has enough public data for first-pass screening across yield, vacancy, price and supply signals. 3-year capital growth of +34.4% shows sustained momentum, not just a single-year spike. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in The Gap?
The median property price in The Gap, QLD 4061 is $1.4M for houses and $1.1M for units.
What rental yield does The Gap show?
The gross rental yield in The Gap is 3.2% for houses and 3.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for The Gap?
House prices in The Gap are up 2.2% over the past year and up 34.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in The Gap?
The current vacancy rate in The Gap is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in The Gap?
The Gap has a population of approximately 17,318 residents, with a median age of 42.
What schools are near The Gap?
There are 28 schools within roughly 5km of The Gap. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is The Gap affordable to buy in?
A median house in The Gap costs about 10.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is The Gap's population growing?
The population of The Gap has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is The Gap from the CBD?
The Gap is about 8.4 km from the CBD.
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