At number 1061th in the list of Australian suburbs ordered by increase in median house value over the last year, Prospect, 5082 is in the top 30% with a property value increase of 14.05% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Prospect comes in at number 63th in SA.
Situated 4.82km from the CBD, Prospect is one of Prospect localities in the postcode 5082.
Prospect has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 25.00% to date .
Prospect,5082 has offered an average of 25.00% return per annum in house price rises to property investors over the last three years.
Property investors should expect to get $320 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.