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AREA REPORTS

Prospect

NSW/
Prospect

Suburb Profile

Prospect - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2148

house
unit

Property investors have seen a -1.89% drop in PROSPECT based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains PROSPECT, 2148 saw average growth in the long term.

The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $780,000

Profits averaged 4.73% per annum over a 3-year period, due to an upward trend in home prices in PROSPECT, 2148.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

The gross rental yield in PROSPECT, 2148 is 3%.

An average of 6.42 real estate transactions take place per month in PROSPECT which translates to 77 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $780,000 $512,500
GROWTH REPORT
Median Quarterly -1.89% 1.49%
Median 12 month -4.29% -1.82%
Median 3 years 14.2% 1.49%
Median 5 years 44.71% N/A
10 years average annual 8.46% 0.38%
Weekly media advert. rent $450 $400
Time on Market 47.8 days 63.3 days
Gross Rental Yield Percent 3% 4.06%
demographics (median values)
Total Population
4218
Weekly Household Income
1341
Household Size
3.10
demographics
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