If you compare the increase in value of investment property in Prospect, 5082 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 13.29%.
When looking at the potential capital gains offered to property investors over the last 3 years, Prospect comes in at number 83th in SA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Prospect, 5082. Typically our figures indicate that -3.87% is being offered, which puts this SA suburb at 3244th most discounted overall in Australia.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 5.62%, investors should hope to achieve an overall return of 3.18%
At number 124th in the list of Australian suburbs ordered by increase in median house value over the last year, Prospect, 5082 is in the top 10% with a property value increase of 19.58% recorded in median house prices.
Over the longer term, Prospect has seen property prices show investors a 10.96% return over the last 3 years. This is an improvement over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.30% offered to property buyers. Sellers in Prospect itself are offering an average vendor discount of -4.70% to real estate investors.
The SA suburb of Prospect, 5082 is in the Prospect local government area.
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.