City of Prospect, SA
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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Capital Growth Heatmap
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.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in City of Prospect, SA
City of Prospect is surrounded by 4 other council areas – Adelaide, Charles Sturt, Payneham and St Peters, Town of Walkerville.
Suburbs/localities in this Local Government Area: Prospect 5082, Thorngate 5082, Collinswood 5081, Fitzroy 5082, Medindie Gardens 5081, Nailsworth 5083