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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Prospect Vale, the median property price for a house is currently 602,500 with annual capital growth of -6.95 . There were 60 house sales in the past 12 months. On average, houses spend 42 days on market.
If you're thinking about buying an investment property in Prospect Vale, consider that rental yields for houses are currently 4.45 with an average median rent of 500 weekly. Houses have seen -2.03 growth in the past quarter, and -6.95 growth in the past 12 months.
The size of Prospect Vale is approximately 10 square kilometres. It has 16 parks covering nearly 10.6% of total area. The population of Prospect Vale in 2011 was 5,020 people. By 2016 the population was 5,067 showing a population growth of 0.9% in the area during that time. The predominant age group in Prospect Vale is 50-59 years.
Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a clerical occupation. In 2011, 72.9% of the homes in Prospect Vale were owner-occupied compared with 70.9% in 2016.
In Prospect Vale, the median property price for a unit is currently 437,000 with annual capital growth of -6.02 . There were 38 unit sales in the past 12 months. On average, units spend 47 days on market.
If you're thinking about buying an investment property in Prospect Vale, consider that rental yields for units are currently 5.24 with an average median rent of 420 weekly. Units have seen -1.80 growth in the past quarter, and -6.02 growth in the past 12 months.
The size of Prospect Vale is approximately 10 square kilometres. It has 16 parks covering nearly 10.6% of total area. The population of Prospect Vale in 2011 was 5,020 people. By 2016 the population was 5,067 showing a population growth of 0.9% in the area during that time. The predominant age group in Prospect Vale is 50-59 years.
Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a clerical occupation. In 2011, 72.9% of the homes in Prospect Vale were owner-occupied compared with 70.9% in 2016.
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| Key Market Data | House | Unit |
| Median price | 602,500 | 437,000 |
| Quarterly growth | -2.03 | -1.80 |
| 12-month growth | -6.95 | -6.02 |
| Average annual growth | +9.77 | +6.50 |
| Weekly median rent | 500 | 420 |
| Gross rental yield | 4.45 | 5.24 |
| Number of Sales (12m) | 60 | 38 |
| Avg. Days on Market (12m) | 42 | 47 |
| Key Demographics | 2011 | 2016 |
| Total population | 5,020 | 5,067 |
| Population change (5y) | +8.47 | +0.90 |
| Median household income (p/w) | 951 | 1,095 |
| Household income change (5y) | +9.18 | +15.14 |
| Median age of persons | 42 | 45 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Prospect Vale was 5,067 in 2016, a +0.90 change compared to 2011.
The predominant age group in Prospect Vale is 50-59 years.
The population of Prospect Vale was 5,067 in 2016, a +0.90 change compared to 2011.
The predominant age group in Prospect Vale is 40-49 years.
Most of the population in Prospect Vale were born in Australia.
Most of the population in Prospect Vale were born in Australia.
Most of the population in Prospect Vale report their religion as No Religion.
Most of the population in Prospect Vale report their religion as Anglican.
Most of the population in Prospect Vale report their income range as between 15,000 and 33,000 .
The median household income in Prospect Vale was 1,095 in 2016, a +15.14 change compared to 2011.
Most of the population in Prospect Vale report their income range as between 15,000 and 31,000 .
The median household income in Prospect Vale was 951 in 2011, a +9.18 change compared to 2006.
Most of the population in Prospect Vale work as Clerical.
Most of the population in Prospect Vale work as Clerical.
The chart below demonstrates the various levels of education in Prospect Vale.
The chart below demonstrates the various levels of education in Prospect Vale.
Most of the population in Prospect Vale reached a qualification level of Certificate.
Most of the population in Prospect Vale reached a qualification level of Certificate.
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