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Prospect
SA, 5082

Thinking about buying in Prospect? Now could not be a better time, with just 74 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,954,000 with prices in this suburb ranging from $639,000 to $7,258,000. Prospect is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $426.00
Median Monthly Mortgage $2839.00
Median Persons Per Bedroom 0.77
Average Household Size 2.67
Average Age 46.00
Average Income $1228.33
Average Cars Per Dwelling 1.93
Average Properties Within 50M 6

Housing Stock

Average Property Prices

2 Bed  $638,000
3 Bed  $1,797,000
4 Bed  $1,802,000
5 Bed  $4,213,000
6 Bed+$1,863,000

Prospect Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Prospect driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Prospect ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Prospect classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Prospect requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Prospect

First National 37 CARTER ST, THORNGATE, SA, 5082 Beds4 Bathrooms2 Parking 2 Price on Application

Local Schools

Blackfriars Priory School

Prescott College

North Adelaide Primary School

Wilderness School

Immaculate Heart of Mary School

Walkerville Primary School

Brompton Primary School

Bowden Brompton Community School

Prospect Primary School

St Dominic's Priory College

(While the above schools are located with the suburb of Prospect there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Prospect weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan0.617.229.329.074.75.227.5
Feb0.817.028.134.276.54.924.1
Mar0.815.325.736.580.54.719.2
Apr1.112.622.839.884.64.214.5
May1.510.218.847.888.64.310.3
Jun1.77.816.154.392.24.39.1
Jul1.87.815.454.891.75.09.1
Aug1.47.816.250.090.45.012.3
Sept1.29.719.341.686.65.317.1
Oct0.811.522.136.283.65.122.1
Nov0.613.524.732.680.45.126.5
Dec0.515.527.230.777.35.328.4

source: Australian Government Bureau of Meteorology


Internet Speed


Nearby Suburbs

ThorngateMedindieMedindie GardensOvinghamNorth AdelaideGilbertonBowdenProspectNailsworthCollinswood

Public Transport


General Points of Interest

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