SA has seen average median house prices change by 3.17% which means that Prospect, 5082 has done well for property investors by showing a capital gain of 15.96% over the last year
Prospect,5082 has offered an average of 15.96% return per annum in house price rises to property investors over the last three years.
Prospect5082 is located in SA which offers an average discount of -6.41% to property investors. Prospect itself is showing figures that indicate -3.85% is the average achievable by property buyers investing in the suburb.
Prospect is 352th on a list of best yielding suburbs for rents in SA with a 3.13% return
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 24.96%.
Over the longer term, Prospect has seen property prices show investors a 22.58% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Prospect is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 134th in terms of most discounted suburbs in SA
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 7.15%, investors should hope to achieve an overall return of 3.97%
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.