Prospect is a well-established suburb in South Australia within the Prospect local government area (postcode 5082). With a population of 14,584, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Prospect is $1.5 million, having surged 10.4% over the past year. Units have a median price of $612,000 (+7.1% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,929.
Prospect is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 2 rail stations, 53 bus stops. The crime rate in the Prospect LGA is moderate at 6,109 incidents per 100,000 population.
From an investment perspective, Prospect offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +10.4% year-on-year.
Prospect is a well-established suburb in South Australia within the Prospect local government area (postcode 5082). With a population of 14,584, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Prospect is $1.5 million, having surged 10.4% over the past year. Units have a median price of $612,000 (+7.1% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,929.
Prospect is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 2 rail stations, 53 bus stops. The crime rate in the Prospect LGA is moderate at 6,109 incidents per 100,000 population.
From an investment perspective, Prospect offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 14.1x is considered stretched. House prices have moved +10.4% year-on-year.