Thinking about buying in Prospect? Now could not be a better time, with just 188 residential dwellings it's a highly sought after location.
The average property price for this area is $734,000 with prices in this suburb ranging from $734,000 to $734,000.Distance to the coast is 89 Km.
In Prospect there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Prospect due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Prospect provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Prospect necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Prospect the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$243.00|
|Median Monthly Mortgage||$2000.00|
|Median Persons Per Bedroom||0.90|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.14|
|Average Properties Within 50M||1.00|
Prospect High School
Ebenezer Christian College
Prospect Creek State School
Prospect Primary School
Blackfriars Priory School
Prospect North Primary School(While the above schools are located with the suburb of Prospect there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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Hybrid Fibre Coaxial (HFC)
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