This property is Off Market
With an average age of 28, households expect an average monthly mortgage payment of $1,636 or a weekly rent payment of $365. The average family earns a weekly income of $1,899 with a typical household size of 2.3 and a 93.25% employment rate.
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. 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. 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.
(Country of Birth not stated 2%)
Prospect a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
75 / 100
44 / 100
Industry
67 / 100
34 / 100
Population
49 / 100
37 / 100
House Prices
82 / 100
62 / 100
Jobs
67 / 100
33 / 100
Incidents Trend State Average
Blackfriars Priory School
Prospect, SA, 5082 Independent R-12
St Dominic's Priory College
North Adelaide, SA, 5006 Independent R-12
Prescott College
Prospect, SA, 5082 Independent 7-12
Immaculate Heart of Mary School
Brompton, SA, 5007 Independent R-6
Brompton Primary School
Renown Park, SA, 5008 State R-7
Prospect Primary School
Prospect, SA, 5082 State R-7
Rosary School
Prospect, SA, 5082 Independent R-6
Bowden Brompton Community School
Brompton, SA, 5007 State 6-12
Adelaide Secondary School of English
West Croydon, SA, 5008 State U
North Adelaide Primary School
North Adelaide, SA, 5006 State R-7
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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