Question 1

Is The Gap a nice place to live?

Accepted Answer

The Gap, QLD 4061 sits on the foothills of the D'Aguilar Range and reads as a leafy, hilly suburb with bushland reserves, creeks and a network of walking and mountain-bike tracks that spill into the hills. Day-to-day life centres on a village-style shopping strip with cafes, local shops and community facilities, and housing ranges from mid-century weatherboard and brick homes on generous blocks to more recent renovations and contemporary builds. That mix appeals to people after space, good schools nearby and an outdoors-oriented lifestyle while still having handy road links to Brisbane.

The community of 17,318 has a median age of 42 and a median household income of $2,573 a week. The area is family-heavy, with couple families (with and without children) making up the large share of households, and most homes are owner-occupied. Council and school works are under way, including upgrades to Walton Bridge Reserve, a concept plan for Wittonga Park and infrastructure improvements at Payne Road State School. Whether The Gap suits you comes down to how much you value space, outdoor access and nearby schooling.

Question 2

Is it expensive to live in The Gap?

Accepted Answer

Buying in The Gap sits at about 10.5 times a typical local household's annual income as recorded at the most recent Census, which places purchase prices well above local incomes at that time. On the rental side, a house rent of $825 a week would take about 32.1% of a typical local household's weekly income of $2,573 at the last Census, a sizeable share, while a unit rent of $613 a week would take about 23.8%, a moderate share.

On these figures, buying is considerably more stretched against local incomes at the last Census than renting; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is The Gap a good place to invest?

Accepted Answer

Unit rents in The Gap jumped 22.6% over the past 12 months, and unit values also rose strongly, up 13.2%. House rents increased 10.0% while house values recorded a more modest 4.5% rise. In short, rents grew faster than values this year, and the unit side outperformed the house side on both rent and value growth.

If rental income is your priority, the unit market in The Gap was the standout over the year. If capital growth is your main aim, values did increase but more gently, especially for houses. Whether that pattern suits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.40M	N/A
Change in value Past 12 months	4.5%	13.2%
Sold Past 3 months	56	2
Median days on market Past 12 months	16	11
Average rent Past 12 months	$825	$613
Change in rent Past 12 months	10.0%	22.6%

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