Prospect, NSW 2148: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Prospect, the median property price for a house is currently $1,139,500 with annual capital growth of 12.60% . There were 47 house sales in the past 12 months. On average, houses spend 29 days on market.

If you're thinking about buying an investment property in Prospect, consider that rental yields for houses are currently 3.08% with an average median rent of $650 weekly. Houses have seen 1.29% growth in the past quarter, and 12.60% growth in the past 12 months.

The size of Prospect is approximately 13.9 square kilometres. It has 18 parks covering nearly 116% of total area. The population of Prospect in 2011 was 4,620 people. By 2016 the population was 4,702 showing a population growth of 1.8% in the area during that time. The predominant age group in Prospect is 30-39 years.

Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a clerical occupation. In 2011, 80.2% of the homes in Prospect were owner-occupied compared with 80.9% in 2016.

In Prospect, the median property price for a unit is currently $640,000 with annual capital growth of 31.76% . There were 41 unit sales in the past 12 months. On average, units spend 33 days on market.

If you're thinking about buying an investment property in Prospect, consider that rental yields for units are currently 5.10% with an average median rent of $550 weekly. Units have seen 5.96% growth in the past quarter, and 31.76% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,139,500	$640,000
Quarterly growth	+1.29%	+5.96%
12-month growth	+12.60%	+31.76%
Average annual growth	+8.58%	+2.17%
Weekly median rent	$650	$550
Gross rental yield	3.08%	5.10%
Number of Sales (12m)	47	41
Avg. Days on Market (12m)	29	33

Jump to Market Trends

Key Demographics	2011	2016
Total population	4,620	4,702
Population change (5y)	+9.58%	+1.80%
Median household income (p/w)	$1,600	$1,780
Household income change (5y)	+17.47%	+11.25%
Median age of persons	35	37

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Prospect is $1,139,500 for houses and $640,000 for units.

The Median Growth in Prospect over the past 12 months is 12.60% for houses and 31.76% for units.

Over the past 12 months there were 47 houses sold and 41 units sold in Prospect. On average, houses spent 29 days on market and units spent 33 days on market.

In the past 12 months up to September 2024 there were 47 houses sold and 41 units sold in Prospect. On average, houses spent 29 days on market and units spent 33 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Prospect is $650 for houses and $550 for units.

The Rental Yield in Prospect is 3.08% for houses and 5.10% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Prospect was 4,702 in 2016, a +1.80% change compared to 2011.

The predominant age group in Prospect is 30-39 years.

The population of Prospect was 4,702 in 2016, a +1.80% change compared to 2011.

The predominant age group in Prospect is 50-59 years.

Most of the population in Prospect were born in Australia.

Most of the population in Prospect report their religion as Catholic.

Most of the population in Prospect report their income range as between $78,000 and $130,000 .

The median household income in Prospect was $1,780 in 2016, a +11.25% change compared to 2011.

Most of the population in Prospect report their income range as between $78,000 and $130,000 .

The median household income in Prospect was $1,600 in 2011, a +17.47% change compared to 2006.

Most of the population in Prospect work as Clerical.

The chart below demonstrates the various levels of education in Prospect.

Most of the population in Prospect reached a qualification level of Certificate.

2011 2016

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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Suburb borders rendered using geocodes provided by Openstreetmap.

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