Prospect, 5082 ranked 82th 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
The five-year average increase in median property values for Prospect,5082 has given property investors a potential capital gain of 9.47% across each of those five years.
Prospect, 5082 is offering SA ‘s 336th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
The SA suburb of Prospect, 5082 is in the Prospect local government area.
Prospect has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 12.94% to date .
The five-year average increase in median property values for Prospect,5082 has given property investors a potential capital gain of -3.06% across each of those five years.
At number 116th of SA’s most discounted properties, Prospect is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Prospect the average time real estate has been on the market is 107.8 days.
Property investors should expect to get $295 weekly from the median priced house in this 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
Information supplied by:
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.