Over the last year, property investments in Prospect, 5082 have given investors a capital gain of 7.14%. This compares favourably with the 3.35% for SA as a whole.
Prospect,5082 was ranked 499 in Australia by increase in median property value over the quarter.
Prospect, 5082 is offering SA ‘s 356th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.
At number 1122 in a list of fastest selling suburbs, Prospect is in the TOP 30% of suburbs in Australia with an average of days on market 61.93 for properties listed there.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 5.65%.
Prospect, 5082 ranked 67th in SA when comparing growth in median property values or capital gain over the last 12 months. Prospect is one of 853 in our list for SA
Over the longer term, Prospect has seen property prices show investors a 0.60% return over the last 3 years. This is an improvement over the last 12 months
At number 69th of SA’s most discounted properties, Prospect is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 69 properties changed hands in Prospect, which puts it as the 14th most active market in SA when comparing the number of sales per 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.