Over the last year, property investments in Prospect, 2148 have given investors a capital gain of -4.67%. This compares averagely with the -4.21% for NSW as a whole.
Comparing Prospect,2148 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Prospect itself are offering an average vendor discount of -6.32% to real estate investors.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
With the median price for a house in Prospect being $755000 and the advertised rent reaching $467.5 the gross rental yield for property investors calculates out to be 3.22%
Property value increases in Prospect have tracked higher than the NSW average of -4.02% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prospect has increased when compared to the 5 year average annual rate.
The NSW suburb of Prospect, 2148 is in the Blacktown (C) local government area.