Over the last year, property investments in Prospect, 5082 have given investors a capital gain of 13.56%. This compares very favourably with the 2.92% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Prospect comes in at number 65th 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 -3.89% is being offered, which puts this SA suburb at 3277th most discounted overall in Australia.
Prospect is 343th on a list of best yielding suburbs for rents in SA with a 3.18% return
Prospect has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 19.74% to date .
While Prospect,5082 ranked number 22th in SA for increase in median house value (annualised) increase, it is ranked 90th over the last 5 years.
Property buyers and investors in Prospect 5082 should be seeing an average reduction in asking price of around -5.01% . This means that Prospect is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 6.74%, investors should hope to achieve an overall return of 4.15%
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.