Investment property in Prospect has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.62%
If we look at median property appreciation over just the last three months, Prospect has given property investors a paper return of 4.09%. This puts Suburb as 76 on a list of fastest fasting appreciating suburbs 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 -3.86% is being offered, which puts this SA suburb at 3317th most discounted overall in Australia.
With the median price for a house in Prospect being $630000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.26%
Property investors who have had real estate in Prospect, 5082 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.50%
Prospect,5082 has offered an average of 16.50% return per annum in house price rises to property investors over the last three years.
At number 131th of SA’s most discounted properties, Prospect is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Prospect is 151th on a list of best yielding suburbs for rents in SA with a 4.26% return
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.