The Gap
NSW, 2472
-
Richmond Valley
Thinking about buying in The Gap? Now could not be a better time, with just 20 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,020,000 with prices in this suburb ranging from $799,000 to $1,097,000. The Gap is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $216.00 |
| Median Monthly Mortgage | $1532.00 |
| Median Persons Per Bedroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 66.00 |
| Average Income | $543.00 |
| Average Cars Per Dwelling | 1.56 |
| Average Properties Within 50M | 1 |
Housing Stock
Average Property Prices
| 1 Bed $799,000 |
| 4 Bed $1,097,000 |
The Gap Real Estate Market Outlook
In The Gap there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in The Gap is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in The Gap leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in The Gap the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Local Schools
Evans River Community School
(While the above schools are located with the suburb of The Gap there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
The Gap weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 5 | 21.1 | 28 | 66.9 | 94.6 | 3.8 | 24.9 |
| Feb | 6.3 | 21.3 | 27.9 | 65.6 | 95.4 | 4.5 | 21.7 |
| Mar | 4.2 | 20.4 | 27.4 | 66.8 | 97.1 | 4.1 | 18.3 |
| Apr | 5.3 | 17.2 | 25.0 | 63.4 | 96.0 | 4.0 | 15.6 |
| May | 3.9 | 13.5 | 22.0 | 63.3 | 95.1 | 3.4 | 12.6 |
| Jun | 4.7 | 11.7 | 20.4 | 59 | 93.3 | 3.5 | 11.1 |
| Jul | 2.6 | 10.7 | 20.4 | 52.4 | 91.2 | 3.3 | 12.2 |
| Aug | 2.6 | 10.9 | 21.5 | 45.5 | 89.8 | 3.6 | 15.6 |
| Sept | 1.1 | 13.8 | 23.3 | 50.8 | 91.0 | 3.8 | 18.5 |
| Oct | 3.1 | 16.2 | 24.5 | 58.8 | 93.1 | 4.0 | 21.7 |
| Nov | 1.9 | 18.4 | 26.5 | 58.4 | 93.3 | 4.0 | 25.0 |
| Dec | 2.6 | 19.8 | 27.2 | 62.9 | 94.6 | 3.9 | 25.4 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 02-02-2024 | $730,000 | 620 THE GAP RD |
| 31-08-2023 | $910,000 | 590 THE GAP RD |
| 05-06-2020 | $575,000 | 520 THE GAP RD |
| 21-10-2019 | $722,000 | 610 THE GAP RD |
| 02-12-2015 | $525,000 | 590 THE GAP RD |
| 11-08-2014 | $279,000 | 560 THE GAP RD |
| 26-03-2014 | $392,000 | 620 THE GAP RD |
| 21-11-2007 | $360,000 | 505 THE GAP RD |
| 14-01-2005 | $35,000 | 610 THE GAP RD |
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Iluka Wharf - Greater then 10KM
Burns Point Ferry - Greater then 10KM
Burns Point Ferry - Greater then 10KM
General Points of Interest
Evans Head Aquatic Centre - Less than 10 KM
Woodburn-Evans Head Golf Club - Less than 10 KM
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