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City of Prospect, SA

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Prospect is an LGA in the inner area of Adelaide, South Australia. Prospect is one of the newest councils in South Australia located in a relatively small area. The local government area has a relatively young population with high levels of education, skills and disposable income.

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Among Prospect’s most prevalent occupations are professionals functioning at 30.4%, clerical workers performing at 14.3%, managers functioning at 14.0%, technicians and tradesmen performing 10.7% and community & personal services workers working 9%.

In Prospect, the median income for those aged 15 and over is $727 a week.

Of the occupied private dwellings in Prospect, 72.2% are separate houses, 13.4% are semi-detached row or terrace houses, 10.6% are flat or apartments and 0.5% of the remaining housing units were comprised of other ranks.

The City of Prospect, SA is a city that focuses heavily on tourism. With the many hotels, restaurants, and shops, this city is no stranger to visitors. The City of Prospect is home to some of South Australia’s finest sites and attractions. They include the Black Hill Ranges National Park, The Adelaide Hills Wine Region, The Southern Flinders Ranges National Park and the Peninsular Range.

Property Market report is an important document for property investors. A property market report can give the right information about the state of property market. If you are planning to buy a house or apartment, then this page will provide you with supporting data in order to make investment decisions effectively.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in City of Prospect, SA

What other property markets are there near City of Prospect, SA?

City of Prospect is surrounded by 4 other council areas – Adelaide, Charles Sturt, Payneham and St Peters, Town of Walkerville.

How many people live in City of Prospect, SA?

There are approximately 13500 people living in roughly 5600 dwellings in total, with an average household size of 2.5.

What are current and planned infrastructure projects in City of Prospect, SA?

Among the main projects there are Churchill Road Streetscape Upgrade – Stage 3, Prospect Gardens/Narnu Wirra Playspace Upgrade, Collinswood Shopping Centre Precinct Upgrade, Co-Housing for Aging Well Project, Devonport Terrace Streetscape Upgrade.

What major retailers are there in City of Prospect, SA?

There are main retailers such as Northpark Shopping Centre, Sefton Plaza, Collinswood Shopping Centre, Millers, Montaigo, Schinella’s Your Local Market.

What is the main industry in City of Prospect, SA?

Such sectors as Health Care and Social Assistance, Education and Training, Retail Trade take the largest part of the employment.

What are the dominant demographic groups in City of Prospect, SA?

Among approximately 13500 people in City of Prospect males and females make roughly 50 % of each group. The median age of people is 37 years. Children aged 0-14 years account for approximately 17% of the population, and those aged 65+ years account for 14%.

How is unemployment rate trending in City of Prospect, SA?

Among approximately 7300 people employed, roughly 57% work full-time, 33% work part-time, and an estimated 7% are unemployed.

Suburbs/localities in this Local Government Area: Prospect 5082, Thorngate 5082, Collinswood 5081, Fitzroy 5082, Medindie Gardens 5081, Nailsworth 5083

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