Investment property in Prospect has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.36%
Prospect,7250 was ranked 3927 in Australia by increase in median property value over the quarter.
The most recent median price for Prospect is $263000, with sellers offering an average of -7.73% off the asking price.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
Giving property investors a a poor capital gain of -5.88% for the last year, Prospect, 7250 is the 1444th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prospect has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Prospect should be aiming for at least -2.65% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $259 weekly from the median priced house in this suburb.