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Prospects for Prospect looking great

By Brett Pilgrim

When you are looking for a great area to buy real estate in Adelaide, it is hard to go overlook the areas that win awards. And when those suburbs are winning planning awards, you know that it is somewhere likely to attract attention down the line.

If that piques your interest, then so might the real estate in the City of Prospect. A team of design consultants representing the city have recently picked up trophies at the Awards for Planning Excellence 2014. Organised by the Planning Institute Australia, the awards acknowledge the significance of Village Heart in Prospect Road, which is a fundamental part of Main Street in Prospect. 

Local residents, designers and businesses worked with the SA and local governments to help the central area come about, due to a communal desire to see a thriving cultural precinct in the heart of the suburb.

This highlights the great contributions that the people of Prospect make, creating a vibrant and attractive place to live for anyone looking at a new real estate purchase. 

"It is so rewarding to see our hard work and determination culminate in an award-winning result. Our community have voted with their feet and businesses with their occupancy. There has rarely been a vacancy in the Village Heart since we started and. If there is – it's often gone in days not weeks," said mayor of Prospect David O'Loughlin.

This is a fantastic piece of information for anyone particularly interested in rentals in Prospect, as it shows you are unlikely to be short on demand from tenants. 

And with My RP Data statistics showing the median unit price over the last 12 months is $320,000, it could also be a very affordable option.

To find out more about real estate in Prospect, contact a local real estate agent. 

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