Suburb Profile Report for Prospect SA (5082)

Prospect House: Median price $727,500, Annual capital growth 4.76%, Number of sales 166, Weekly median advertised rent $420

Prospect Unit: Median price $373,750, Annual capital growth 3.80%, Number of sales 60, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Prospect has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.94% to date .

Across a shorter period, Prospect, 5082 has seen a median price increase of -0.55% over the last quarter.

Vendor discounting in Prospect is giving property investors an average Vendor Discount of around -5.86%. This puts suburb at number 179th in SA when ranking the most discounted suburbs.

The SA suburb of Prospect, 5082 is in the Prospect (C) local government area.

SA has seen average median house prices change by 1.05% which means that Prospect, 5082 has done well for property investors by showing a capital gain of 3.17% over the last year

The five-year average increase in median property values for Prospect,5082 has given property investors a potential capital gain of 19.98% across each of those five years.

At number 46th of SA’s most discounted properties, Prospect is in the TOP 20% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Prospect being $373750 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.59%

YIP MAG Information supplied by:

YIP MAG
July 2015

M
O

W
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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.
 
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.
Metrics i HOUSE UNIT
$727,500 $373,750
-0.55% 0.47%
4.94% 3.17%
4.76% 3.80%
$420 $330
166 60
3.00% 4.59%
78.7435897435897 79.6

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 13008
Median household income ($/weekly) 1349
Median age of persons 36
Median housing loan repayment ($/monthly) 1755
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1372 10.5
    25-34 years 2086 16.0
    35-44 years 1915 14.7
    45-54 years 1884 14.5
    55-64 years 1373 10.6
    Others 4378 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 4559 46.1
    Not Married 4454 45.1
    Defacto Relationship 867 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 8859 71.1
    Indonesia 635 5.1
    Japan 341 2.7
    United Kingdom 568 4.6
    Other 552 4.4
    Others 1505 12.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 285 2.4
    Christianity 7501 62.9
    Hinduism 511 4.3
    Islam 279 2.3
    No Religion 3141 26.3
    Others 216 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 408 9.0
    $1,000-$1,249 379 8.4
    $1,500-$1,999 546 12.1
    $2,000-$2,499 448 9.9
    $2,500-$2,999 397 8.8
    Others 2347 51.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4141 40.0
    Not in the labour force 3211 31.0
    Employed, worked part-time 2235 21.6
    Employed, away from work 402 3.9
    Unemployed, looking for work 354 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 850 12.5
    Professionals 2055 30.3
    Technicians & trades workers 719 10.6
    Clerical & administrative workers 977 14.4
    Sales 658 9.7
    Others 1518 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 169 5.1
    Infants/Primary 1030 31.0
    Secondary 649 19.5
    Technical or Further Educational Institution 298 9.0
    University or other Tertiary Institutions 1043 31.4
    Others 135 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9999 82.0
    Semi-detached, row or terrace house, townhouse 1362 11.2
    Flat, unit or apartment 819 6.7
    House or flat attached to a shop, office 17 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1697 35.0
    Fully owned 1560 32.2
    Rented 1546 31.9
    Other tenure type 42 0.9
    Tenure Type
Census 2011, ABS
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