SA/
Prospect

Suburb Profile

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

house
unit

Property investments in PROSPECT fare well against the rest of the country last year, registering a median home price increase of 14.29%.

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 $400 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 49.0 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 $680,000.

PROSPECT ranks 355th on the list of best yielding suburbs for rental properties in SA, posting a 3.06% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $680,000 $425,000
GROWTH REPORT
Median Quarterly 3.82% 10.07%
Median 12 month 14.29% 28.21%
Median 3 years 21.43% 37.99%
Median 5 years 22.85% 28.22%
10 years average annual 5.78% 7.68%
Weekly media advert. rent $400 $300
Time on Market 49.0 days 72.4 days
Gross Rental Yield Percent 3.06% 3.67%
demographics (median values)
Total Population
12382
Weekly Household Income
1058
Household Size
2.40
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