With a capital gain of 4.54% for the last 12 months, Prospect, 7250 has performed for property investments than its average annual 2.21% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Prospect comes in at number 125th in TAS.
Vendor discounting in Prospect is giving property investors an average Vendor Discount of around -7.83%. This puts suburb at number 45th in TAS when ranking the most discounted suburbs.
In the last year 27 properties changed hands in Prospect, which puts it as the 96th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.21%, investors should hope to achieve an overall return of 5.64%
Prospect has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 9.59% to date .
Across a shorter period, Prospect, 7250 has seen a median price increase of 9.09% over the last quarter.
Our latest figures would indicate that property sellers in Prospect are currently offering property investors an average price cut of -2.78% below the asking price at the moment.
Residents and property investors in Prospect have been waiting around 32.23 days to sell a property.
Prospect, 7250’s gross rental yield is 5.31%