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Prospect, SA 5082

Home » SA Real Estate Data » City of Prospect, SA » Prospect, SA 5082

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Prospect, SA 5082 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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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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0 thoughts on “Prospect, SA 5082”

  1. The total adult population (15 years or older) of Prospect 5082 SA is 12,045, with a median age of 37. Of those, 46.38% are married, 10.00% are divorced or separated, 39.22% are single and 4.38% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,872. The median monthly mortgage repayment for households in this suburb is $1,929 which is 19.54% of their earnings.

    Source: ABS Census Data (2021)

  2. The leafy suburb of Prospect 5082, located in South Australia, is home to a thriving community of around 7,140 households. Diving into the data for Q3 of 2023 suggests some intriguing insights into the property market dynamics of the area.

    Property prices for houses are typical of what we’re seeing across many sought-after suburbs, hovering around $1,097,196. Median weekly rent stands at $550, culminating in an indicative yield of 2.61%. Whilst this yield is slightly below the 3% threshold that cashflow-focused property investors tend to favour, it’s still a significant point of consideration.

    Prospect 5082 boasts a strong socio-economic score of 1056 out of 1217, signifying a high level of resources, high income levels and a concentration of skilled professions living in the area.

    The renter-to-owner ratio stands at 35%, hinting towards a relatively balanced property market. A units-to-houses ratio of 18% indicates a favourable environment – with fewer units skewing the market, more families are likely to be attracted to the area for longer tenancies.

    Affordability in this suburb, gauged by the years to own metric, is currently noted at 44 years. While slightly raised, investors who plan to hold onto their properties for the long term may still find Prospect 5082 a place worth looking into.

    Supply metrics are also encouraging with the stock on market Percentage at a very favourable 0.19%, and inventory levels at a low 0.74 months, indicating a muted supply and high competitiveness. The building approvals ratio for houses stands at 0.54%, which is on the favourable side, pointing towards a slow increase of new properties in the area.

    Demand metrics are also positive with the days on market being 37 days, indicating moderate demand. The vacancy rate, combining houses and units, sits at a favourable 0.65%, suggesting that the area has high rental demand with little supply. The buy search index sits at 4, indicating that the area is receiving search interest at close to the state or city average.

    In summary, the blend of factors including above-average socio-economic scores, balanced owner-renter dynamics, favourable unit-house proportions and promising supply-demand metrics contribute to Prospect 5082’s appeal as a possible investment opportunity. It could prove to be a viable market for property investors, particularly those with a long-term holding strategy.

    However, it’s important to note that not all metrics might always reside in the favourable ranges. For more comprehensive analysis, keep an eye out for the RCS (Relative Composite Score) which synthesises over 80 factors to grade investment viability.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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