PROSPECT
As the property market shifts, Prospect has solidified its standing as a established enclave, attracting a specific demographic of buyer. The suburb currently holds a median house price of $1.38m. Retrospective data highlights a period of significant value appreciation. Over the past five years, capital values have shifted by 88%, a figure that reflects a fundamental re-rating of the suburb's desirability amongst buyers seeking exposure to this specific price bracket.
Lifestyle Profile
Leafy and open, the visual appeal of Prospect lies in its low-density layout. It avoids the claustrophobia of the inner-city, offering residents a sense of space and sky.
At a community level, Prospect is defined by family activity. Weekends see the local parks filled with junior sports, and the demographic is heavily skewed towards households with school-aged children.
For active residents, the area delivers. The abundance of green belts, cycle paths, and council-maintained sporting facilities adds a layer of 'health and wellness' to the local lifestyle.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $90,000. With a price-to-income ratio significantly above the state average, ownership in Prospect often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as North Adelaide Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.
Market Outlook
Data indicates a robust performance, with 88.1% growth over 5 years. This suggests the area has been 'discovered' by the broader market.
Quick FAQ about Prospect:
- Is Prospect expensive? With a median price of $1.38m, it is considered a established market, often attracting buyers seeking classic living standards.
- What are the schools like? The catchment for North Adelaide Primary School is a major driver of local demand.
Primary Schools
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Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
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DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.