If you compare the increase in value of investment property in Prospect, 7250 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 1.02%.
Over the longer term, Prospect has seen property prices show investors a 26.61% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.38% offered to property buyers. Sellers in Prospect itself are offering an average vendor discount of -8.11% to real estate investors.
Prospect is in the bottom 10% in TAS when comparing median price capital growth over the last year. Prospect gave property investors a dismal capital gain figure when compared to the rest of the state, with -21.88%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prospect has fallen somewhat when compared to the 5 year average annual rate.
Residents and property investors in Prospect have been waiting around 50.5714 days to sell a property.
With the median price for a house in Prospect being $250000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 6.14%