AREA REPORTS

Prospect

SA/
Prospect

Suburb Profile

Prospect - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5082

house
unit

Property investments in PROSPECT did not fare well against the rest of the country last year, registering a median home price decrease of 0%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains PROSPECT, 5082 saw average growth in the long term.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 54.9 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $700,000.

PROSPECT ranks 363rd on the list of best yielding suburbs for rental properties in SA, posting a 3.12% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $365,250
GROWTH REPORT
Median Quarterly 4.48% 3.45%
Median 12 month 0% -1.81%
Median 3 years 23.62% 18.2%
Median 5 years 35.27% 20.74%
10 years average annual 3.93% 3.49%
Weekly media advert. rent $420 $320
Time on Market 54.9 days 100.0 days
Gross Rental Yield Percent 3.12% 4.56%
demographics (median values)
Total Population
12382
Weekly Household Income
1058
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Expert insight: Sydney’s growth suburbs as of June 2019

After a period of consistent downturn, property experts are now hopeful that the Sydney property market will begin its recovery soon. How ca...

Building being constructed

Experts divided on ‘crisis’ in Australian construction

While events surrounding the Mascot Towers situation have placed greater attention on the quality of buildings, experts are split on what th...

Crowd of people

Population growth driving greater housing demand, analysis finds

Analysis of fresh data from the Australian Bureau of Statistics (ABS) has found population growth is on the rise for the most part, leading ...

4 tips to give your backyard the winter wow factor

If investors are trying to sell their property while temperatures are dropping, it’s important to create a cosy, inviting atmosphere. To g...

Aerial shot of property

Why interest rates no longer affect property values

Interest rates have always been seen as the big influencer of property values in Australia. But not any longer. Here’s why. ...

Airbnb

ATO to scrutinise short-term rentals this tax time

Investors with properties on short-term rental sites who didn’t see any income will be closely examined by the ATO this financial year, ac...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.