Property value increases in Prospect have tracked higher than the SA average of 3.56% over the last 12 months.
If we look at median property appreciation over just the last three months, Prospect has given property investors a paper return of 3.82%. This puts Suburb as 99 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Prospect is giving property investors an average Vendor Discount of around -4.37%. This puts suburb at number 327th in SA when ranking the most discounted suburbs.
Prospect is in the TOP 10% in SA when comparing median price capital growth over the last year. Prospect gave property investors a very good capital gain figure when compared to the rest of the state, with 28.21%.
A 28.22% growth in median value for property investors in Prospect,5082 puts this suburb at number 19th in terms of best performing suburbs in SA
Prospect5082 is located in SA which offers an average discount of -6.40% to property investors. Prospect itself is showing figures that indicate -4.35% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
The suburb’s tree-lined streets and well-maintained footpaths are also attracting families into the area. Barker Road hosts some of the most expensive properties in the area, while Old Street offers the cheapest homes.Full summary
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Located 5km north of Adelaide, Prospect has been quietly gaining ground, even outpacing Adelaide’s performance during the past two years.Close
According to the stats from onthehouse.com.au, median house values in Prospect climbed by a total of 9.7% since 2013, compared to Adelaide metro’s 7% growth.
The suburb has been attracting a growing number of investors who are looking to redevelop or renovate, thanks to its abundant offering of character homes on large blocks of land.
This has resulted in gentrification that’s turning the suburb into a hip and desirable place for both homebuyers and renters.
The suburb’s tree-lined streets and well-maintained footpaths are also attracting families into the area. Barker Road hosts some of the most expensive properties in the area, while Old Street offers the cheapest homes.
Stay as far away as you can from Churchill Road and Regency Road as these are busy areas. Also, avoid the north side of Prospect Road if possible due to the developments in Churchill Road.