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Prospect
AREA REPORTS

Prospect

Prospect - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2148

house
unit

Property investors have seen a 6.99% gain in PROSPECT based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on PROSPECT, 2148 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 17.69%.

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 $941,500

Profits averaged 6.14% 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 2.49%.

An average of 4.17 real estate transactions take place per month in PROSPECT which translates to 50 per annum.

Data report can be found below

Prospect
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $941,500 $550,000
GROWTH REPORT
Median Quarterly 6.99% 1.2%
Median 12 month 17.69% 0.27%
Median 3 years 18.43% 4.27%
Median 5 years 24.29% 7.84%
10 years average annual 8.77% 7%
Weekly media advert. rent $450 $410
Time on Market 21.4 days 71.1 days
Gross Rental Yield Percent 2.49% 3.88%
demographics (median values)*
Total Population
63071
Weekly Household Income
1498
Household Size
3.00
Age
34
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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