Prospect, 5082 ranked 177th in SA when comparing growth in median property values or capital gain over the last 12 months. Prospect is one of 853 in our list for SA
Comparing Prospect,5082 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Prospect is giving property investors an average Vendor Discount of around -4.48%. This puts suburb at number 320th in SA when ranking the most discounted suburbs.
In the last year 196 properties changed hands in Prospect, which puts it as the 13th most active market in SA when comparing the number of sales per suburb.
The SA suburb of Prospect, 5082 is in the Prospect local government area.
SA has seen average median house prices change by 2.33% which means that Prospect, 5082 has done well for property investors by showing a capital gain of -14.55% over the last year
Taking the average capital gain, or increase in median house value, Prospect,5082 has racked up an average of -14.55% over the period. This ranks it number 836th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Prospect, 5082. Typically our figures indicate that -5.27% is being offered, which puts this SA suburb at 663th most discounted overall in Australia.
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
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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.