Real estate agents in Prospect.
Character housing five kilometres from the city · SA 5082
Wemark Real Estate sells, leases and manages homes in Prospect, 2.4 km from our office in Blair Athol. Across Adelaide we secured 170 tenancies in the twelve months to October 2026. The median house price here was $1,500,000 in July to September 2026, across 25 settled sales, according to the South Australian Valuer-General.
Prospect is one of Adelaide’s oldest suburbs and still one of its most sought after, five kilometres north of the city in its own council, the City of Prospect. The housing is largely villas, bungalows and Tudor-style homes from the early twentieth century, on streets wide enough for the street trees they were planted with, and the newer townhouses that fill the subdivided blocks sell to people who want the position without the maintenance.
Prospect Road is the reason many buyers start here: cafés, the Palace Nova cinema and the weekend trade give the suburb a centre of its own. Prospect Oval sits behind it. Homes are held for a long time, so when one comes up it is usually contested.
Own an investment property in Prospect? Our Adelaide property managers hold about 100 homes each, inspect three to four times a year, and quote every fee in writing.
- Postcode
- SA 5082
- From the CBD
- 5.1 km north
- Median house price
- $1,500,000Jul–Sep 2026 · 25 sales
- Next to
- Blair Athol, Devon Park, Kilburn, Walkerville, North Adelaide
House prices
in Prospect
The median price of houses that sold in Prospect, from the South Australian Valuer-General's record of every settled sale. These are the figures for Jul–Sep 2026, updated each quarter.
A quarterly median moves with whichever homes happened to sell, so one quarter can swing. The line over five years is the better guide.
Every quarter since Oct–Dec 2021
| Quarter | Median house price | Houses sold |
|---|---|---|
| Jul–Sep 2026 | $1,500,000 | 25 |
| Apr–Jun 2026 | $1,705,000 | 31 |
| Jan–Mar 2026 | $1,600,000 | 27 |
| Oct–Dec 2025 | $1,462,500 | 28 |
| Jul–Sep 2025 | $1,505,000 | 39 |
| Apr–Jun 2025 | $1,330,000 | 56 |
| Jan–Mar 2025 | $1,292,500 | 30 |
| Oct–Dec 2024 | $1,325,000 | 36 |
| Jul–Sep 2024 | $1,132,500 | 15 |
| Apr–Jun 2024 | $1,287,500 | 27 |
| Jan–Mar 2024 | $1,285,000 | 21 |
| Oct–Dec 2023 | $1,101,000 | 34 |
| Jul–Sep 2023 | $1,211,000 | 23 |
| Apr–Jun 2023 | $1,040,000 | 40 |
| Jan–Mar 2023 | $1,050,000 | 34 |
| Oct–Dec 2022 | $960,000 | 43 |
| Jul–Sep 2022 | $1,115,000 | 36 |
| Apr–Jun 2022 | $1,125,000 | 29 |
| Jan–Mar 2022 | $1,105,000 | 38 |
| Oct–Dec 2021 | $1,023,750 | 36 |
Median price data updated . Figures for July to September 2026, the latest quarter the Valuer-General has released (published 14 October 2026). Source: Office of the Valuer-General, South Australia, metropolitan median house sales, published on Data SA by the Department for Housing and Urban Development under CC BY 4.0. Houses only. A suburb median is not a valuation of any one home. All 53 suburbs are compared in the quarterly house price report.
Free property appraisal in Prospect
The median is the suburb; your price is your home. Land size, condition and street all move the number. Find out what yours would sell for, or rent for. Free, with no obligation.
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A year of Wemark,
across Adelaide
Not a claim, a listing history. Every figure is from our 
RateMyAgent agency profile, covering the twelve months to October 2026 — see it there.
Around Prospect, over the same year: Enfield — 2 leases, 1 sold ($795,000); Kilburn — 2 leases; Walkerville — 1 sold ($1,795,000); Blair Athol — 1 lease. All of it is on RateMyAgent.
Renting out a home
in Prospect
- What we lease
- Across the 170 tenancies we secured in the twelve months to October 2026 — 160 homes in 77 suburbs — 95 3-bedroom, 42 4-bedroom, 23 2-bedroom, 5 1-bedroom and 5 5-bedroom homes. By type: 141 houses, 23 units, 5 apartments and 1 townhouse.
- How quickly
- 90 of those 170 were leased within a week of going live, 77 of them within a day. The median campaign ran 7 days; the longest took 29.
- Asking rents now
- Nothing of ours is advertised in Prospect this week, though we have 21 rentals live across Adelaide. For a figure on your property, book the free rental appraisal — a property manager calls within four business hours.
- Recognition
- RateMyAgent named Wemark Real Estate Adelaide’s Rental Agency of the Year (City Winner) and South Australia’s Rental Agency of the Year (State Winner) in both 2022 and 2023, awards decided on verified client reviews.
- What every Prospect landlord gets
- A named property manager with about 100 properties, not the 150–200 the industry runs; 360° camera inspections three to four times a year; replies within four business hours; tenant screening with background, reference, financial and TICA checks; and rent released the moment it's paid, through
Ailo. - Already with another agent?
- You sign one form. We notify your current agent, collect the keys, the file and the bond details, and introduce ourselves to your tenant — the tenancy carries on unchanged. How switching works.
Property management fees in Prospect
Most Adelaide agencies charge 9% to 11% of the rent collected. Wemark Real Estate charges 6.6% including GST, with no statement fees, no maintenance handling fees and no exit fees. The median weekly rent for a house leased in Prospect in April to June 2026 was $650, from 60 new leases. On that rent, the management fee alone comes to:
| Management fee | A year on $650 a week |
|---|---|
| 11%, the top of the Adelaide range | $3,718 |
| 9%, the bottom of the Adelaide range | $3,042 |
| Wemark, 6.6% including GST | $2,231 |
That is $811 to $1,487 a year less than the usual range on a typical Prospect house. The other charges are fixed: a letting fee of 1.5 weeks’ rent plus GST when we place a new tenant ($1,073 on this rent), $33 a routine inspection, $55 for entry and exit inspections, $299 a lease renewal and $12 a month admin, all including GST. Every fee is on our property management fee schedule and in the agreement before you sign.
Rent: SA Housing Trust, Private Rent Report, April to June 2026 (new bonds lodged with Consumer and Business Services). Your own rent depends on the home; book a free rental appraisal for the figure and our fees in writing.
Prospect,
answered
- What is the median house price in Prospect?
- $1,500,000 for July to September 2026, from 25 settled house sales recorded by the South Australian Valuer-General. That is 0% on the same quarter a year earlier, and up 66% over five years. It is a suburb median, not a valuation of any one home: for that, ask for a free appraisal.
- How do I find houses for sale in Prospect?
- When we have a home for sale in Prospect it shows under “On the market” on this page, straight from our live listings, and every Wemark home for sale across Adelaide is on our houses for sale page. Selling here instead? Check what your house is worth in seconds, or book a free appraisal.
- How far is Prospect from the Adelaide CBD?
- 5.1 km north of the city centre, measured from the GPO to the middle of the suburb. Its neighbours include Blair Athol, Devon Park, Kilburn and Walkerville.
- How quickly do rentals lease in Prospect?
- We have not leased a home in Prospect itself in the twelve months to October 2026, so there is no local figure to quote. Across Adelaide, 90 of our 170 tenancies in that time were leased within a week, and the median campaign ran 7 days.
- What does property management cost in Prospect?
- Across Adelaide, Prospect included, property management usually costs 9% to 11% of the rent collected, plus a letting fee when a new tenant is found. Wemark charges 6.6% including GST, with no statement, maintenance or exit fees. On Prospect’s median house rent of $650 a week, that is $2,231 a year with Wemark against $3,042 to $3,718 at 9% to 11%. Every fee is listed on our Adelaide property management page.