Property value increases in Prospect have tracked close to the TAS average of 3.72% over the last 12 months.
The five-year average increase in median property values for Prospect,7250 has given property investors a potential capital gain of -4.66% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.15% offered to property buyers. Sellers in Prospect itself are offering an average vendor discount of -7.59% to real estate investors.
With the median price for a house in Prospect being $276500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.64%
With a capital gain of -2.95% for the last 12 months, Prospect, 7250 has performed for property investments than its average annual 3.73% property growth over the last 5 years.
Across a shorter period, Prospect, 7250 has seen a median price increase of -11.54% over the last quarter.
Our latest figures would indicate that property sellers in Prospect are currently offering property investors an average price cut of -3.13% below the asking price at the moment.
In the last year 16 properties changed hands in Prospect, which puts it as the 32th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $2940 per annum or $245 every week.