Project Overview
The size of Prospect is approximately 5km2. It has 14 parks covering nearly 2% of the total area.There are 6 schools and 3 childcare centres located in Prospect.The population of Prospect in 2001 was 10,801 people. By 2006 the population was 12,373 showing a population growth of 15% in the area during that time.The predominant age group in Prospect is 20 - 29 years.Households in Prospect are primarily couples with children and are likely to be repaying between $800.00 - $1000.00 per month on mortgage repayments.In General ,people in Prospect work in a non-specfic occupation.In 2001,67% of the homes in Prospect were owner-occupied compared with 67% in 2006.In 2009 the median price for houses in the area was $542,662
Objectives
To maximise the investor's return on investment through specultive property development
Project Details
| Address | 31 Victoria St |
| Site Size | 1050 m2 |
| Council | Prospect |
Proposed Development
| # Allotments / Dwellings | 3 |
| Type of Dwellings | 1x Single Storey Detached Dwelling & 2 x Single Storey Semi-Detached Dwelling |
| Construction Materials | Hebel Panel / Timber / Colourbond Roofing / Gyprock |
| Buyer Demographic | Professional clients ,families upgrading from smaller dwellings |