Prospect SA 5082

Here you can find what you need to know about Prospect, SA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$671k Median Sale Price (National Average $485k) 165th In SA
-1.25% Median Price Change (1 yr) (National Average 4.30%) 1154th In SA
$420pw Median Rent (National Average $395) 179th In SA
3.3% Median Gross Yield (National Average 4.24%) 595th In SA
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Properties sold 177
Average discounting -3.59%
Average Days on Market 38
Stock on Market 34 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Prospect, SA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Prospect, SA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Prospect, SA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Prospect


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Latest Auction Results for Prospect as at 16 December 2018

Property Details
Sale Price
3Bed / 2Bath / Car / House
-
2Bed / 1Bath / Car / Unit
-

State Auction Clearance Rates - December 2018

Auctions Clearance rate
SA 175 38%
ACT 92 46%
NSW 717 44%
NT 20 25%
QLD 168 33%
TAS 4 50%
VIC 1,179 47%
WA 71 30%

Local Schools


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Suburb Information

Prospect, SA 5082

Part of: Prospect Council No data available

The size of Prospect is approximately 5 square kilometres. It has 19 parks covering nearly 2% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Prospect

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Prospect   for Houses in last 12 months


There have been 177 Houses sold in Prospect in the past 12 months with a median sale price of $671K, up -1.25% annually. It takes on average 38 days to sell with vendor discounting of -3.59%.

Streets in Prospect


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Adelaide SA, 5000 -2.73% $570,000 $450pw 4.1% View Suburb Profile
Prospect NSW, 2148 -1.85% $795,000 $460pw 3.0% View Suburb Profile
Norwood SA, 5067 -5.36% $795,000 $490pw 3.2% View Suburb Profile
Mawson Lakes SA, 5095 -7.37% $440,000 $380pw 4.5% View Suburb Profile
Stirling SA, 5152 -9.18% $717,500 $495pw 3.6% View Suburb Profile
Seacliff SA, 5049 5.24% $742,500 $450pw 3.3% View Suburb Profile