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Investment Property Prospect, SA, 5082

Suburb Snapshot

Prospect is a suburb in the Prospect Region of South Australia. Prospect has a population of 13,275 people and 28.63% of its occupants live in rental accommodation. The median listing price for houses is $1,025,000 and this has changed 28.28% over the past year and changed 15.16% over 2 years.

The median rent in Prospect for houses is $600 per week and the median rental yield is 3.04%. Stock on the market for houses/townhouses has changed 135.00% compared to last year and the average time to sell a house/townhouse is 77 days.The median listing price for units is $475,000 and this has changed 13.36% over the past year. The average unit takes 78 days to sell and the median rent for a unit in Prospect is $475 per week, producing a rental yield of 5.20%.

Supply & Demand in Prospect, Prospect

0.65%

Current vacancy rate


44

Rental stock available


13,275

Population


28.63%

Rental population


0.68%

Current vacancy rate


61

Rental stock available


20,518

Population


28.85%

Rental population


0.50%

Current vacancy rate


4,460

Rental stock available


1,676,654

Population


25.08%

Rental population


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Statistical data for Prospect, Prospect

  House Townhouses Units
Median listing price $1,025,000 $742,500 $475,000
Median price change - last quarter 3.90% 3.84% 0.00%
Median price change - 1 year 28.28% 10.00% 13.36%
Median price change - 2 years 15.16% 35.00% 16.13%
  House Townhouses Units
Median weekly rent $600 $625 $475
Median yield % 3.04% 4.37% 5.20%
Median rent change - 1 year 7.14% 4.16% 7.95%
  House Units
Previous month sales 46 4
Stock on market previous month 47 8
Stock variance vs. last year 135.00% -27.27%
Average days on market 77 78

Prospect investment property listings

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