With a capital gain of 12.11% for the last 12 months, Prospect, 2148 has performed for property investments than its average annual 8.69% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Prospect,2148 has racked up an average of 12.11% over the period. This ranks it number 450th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Prospect are currently offering property investors an average price cut of -6.29% below the asking price at the moment.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 8.69%, investors should hope to achieve an overall return of 2.95%
Property value increases in Prospect have tracked close to the NSW average of 8.63% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Prospect comes in at number 502th in NSW.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 14.88%.