Prospect

Population growth drivers in Prospect are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Prospect's population was 15,785 as of the 2021 Census. By Nov 2025, it had increased to approximately 16,999, a rise of 1,214 people (7.7%). This growth is inferred from ABS estimates and validated new addresses since the Census date. The population density was around 3,102 persons per square kilometer, placing Prospect in the upper quartile nationally. Prospect's growth exceeded the SA3 area (6.2%) and the state average during this period, driven primarily by overseas migration contributing approximately 84.6% of overall population gains. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and SA State Government's Regional/LGA projections adjusted to SA2 levels for areas not covered by this data or years post-2032.

Based on these trends, Prospect is projected to grow by 3,676 persons to 2041, reflecting an increase of 20.1% over the 17-year period.

AreaSearch assessment of residential development activity positions Prospect among the top 25% of areas assessed nationwide

Prospect has recorded approximately 133 residential properties granted approval annually over the past five financial years, totalling 669 homes. As of FY-26, 69 approvals have been recorded. On average, 1.9 people moved to the area per dwelling built between FY-21 and FY-25, indicating balanced supply and demand with stable market conditions. New homes are being constructed at an average value of $340,000, slightly above the regional average.

This financial year has seen $43.2 million in commercial approvals, reflecting high local commercial activity. Compared to Greater Adelaide, Prospect shows elevated construction levels, with 16.0% more activity per person over the five-year period. New building activity consists of 18.0% standalone homes and 82.0% townhouses or apartments, shifting from the current housing mix of 69.0% houses due to reduced development sites and changing lifestyle demands. There are approximately 179 people per dwelling approval in Prospect, suggesting an expanding market. By 2041, Prospect is projected to grow by 3,420 residents, with current development rates comfortably meeting demand and potentially supporting growth beyond current population projections.

Looking ahead, Prospect is expected to grow by 3,420 residents through to 2041 (from the latest AreaSearch quarterly estimate). At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Prospect has emerging levels of nearby infrastructure activity, ranking in the 31stth percentile nationally

Local infrastructure changes significantly influence an area's performance. AreaSearch has identified fifteen projects likely impacting this region. Key projects include Prospect Corner, Prospect Lifestyle Precinct, 110 Hawker Street, Ridleyton, and Prospect 1838. Relevant projects are detailed below.

Professional plan users can use the search below to filter and access additional projects.

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AreaSearch analysis reveals Prospect significantly outperforming the majority of regions assessed nationwide

Prospect has a highly educated workforce with significant representation in essential services sectors. Its unemployment rate is 2.8% and it has seen an estimated employment growth of 2.9% over the past year as of September 2025.

In this month, 10,210 residents are employed while the unemployment rate is 1.1% lower than Greater Adelaide's rate of 3.9%. Workforce participation in Prospect is higher at 69.5% compared to Greater Adelaide's 61.7%. The key industries of employment among residents are health care & social assistance, education & training, and professional & technical services. Notably, employment levels in professional & technical services are at 1.3 times the regional average, while construction shows lower representation at 6.9% compared to the regional average of 8.7%.

The area appears to offer limited local employment opportunities based on Census data. From September 2024 to September 2025, employment levels increased by 2.9%, labour force grew by 3.1%, resulting in a slight rise in unemployment by 0.2 percentage points. In comparison, Greater Adelaide recorded employment growth of 3.0% and a decrease in unemployment by 0.1 percentage points during the same period. State-wide, South Australia saw employment grow by 1.19% year-on-year to 25-November-25, adding 10,710 jobs, with an unemployment rate of 4.0%, outperforming the national average of 0.14%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years nationally. Applying these projections to Prospect's employment mix suggests local employment should increase by 6.8% over five years and 14.1% over ten years, though this is a simple extrapolation for illustrative purposes and does not account for localized population projections.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

AreaSearch's aggregation of latest postcode level ATO data released for financial year 2022 shows Prospect SA2 had a median income among taxpayers of $58,263 and an average level of $77,355. These figures are high nationally compared to Greater Adelaide's median of $52,592 and average of $64,886. Based on Wage Price Index growth of 12.83% since financial year 2022, current estimates for Prospect would be approximately $65,738 (median) and $87,280 (average) as of September 2025. According to the 2021 Census, household, family, and personal incomes in Prospect cluster around the 70th percentile nationally. Distribution data shows that 32.4% of the population (5,507 individuals) fall within the $1,500 - $2,999 income range, similar to regional levels where 31.8% occupy this range. Housing accounts for 13.6% of income while strong earnings rank residents within the 70th percentile for disposable income. The area's SEIFA income ranking places it in the 8th decile.

Prospect displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Prospect's dwelling structure, as per the latest Census, consisted of 68.6% houses and 31.4% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Adelaide metro's figures of 66.2% houses and 33.7% other dwellings. Home ownership in Prospect stood at 31.0%, with mortgaged dwellings at 34.2% and rented ones at 34.8%. The median monthly mortgage repayment was $1,950, below Adelaide metro's average of $2,000. The median weekly rent figure was $350, slightly higher than Adelaide metro's $345. Nationally, Prospect's mortgage repayments were above the Australian average of $1,863, while rents were lower at $375 compared to the national figure of $375.

Prospect features high concentrations of group households, with a fairly typical median household size

Family households constitute 67.7 percent of all households, including 32.2 percent couples with children, 25.4 percent couples without children, and 8.5 percent single parent families. Non-family households comprise the remaining 32.3 percent, with lone person households at 26.2 percent and group households comprising 6.2 percent of the total. The median household size is 2.5 people, which matches the Greater Adelaide average.

The educational profile of Prospect exceeds national averages, with above-average qualification levels and academic performance metrics

Prospect has a notably high level of educational attainment, with 43.7% of its residents aged 15 and above holding university qualifications. This figure surpasses both the state (25.7%) and Greater Adelaide (28.9%) averages, indicating a significant educational advantage for the area. Bachelor degrees are most prevalent at 28.0%, followed by postgraduate qualifications at 11.4% and graduate diplomas at 4.3%. Vocational credentials are also prominent, with 25.0% of residents holding such qualifications, including advanced diplomas (10.0%) and certificates (15.0%).

Educational participation is notably high in Prospect, with 31.1% of residents currently enrolled in formal education. This includes 10.2% in primary education, 8.6% in tertiary education, and 6.3% pursuing secondary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Prospect has 65 active public transport stops, offering a mix of train and bus services. These stops are served by 32 different routes, which together facilitate 2,891 weekly passenger trips. The accessibility of transport in Prospect is rated as excellent, with residents, on average, located just 194 meters from the nearest stop.

On average, there are 413 trips per day across all routes, translating to about 44 weekly trips per individual stop.

Prospect's residents are extremely healthy with prevalence of common health conditions low among the general population and nearer the nation's average across older, at risk cohorts

Analysis of health metrics indicates strong performance across Prospect. Prevalence of common health conditions is low among the general population and nears national averages for older, at-risk cohorts.

Private health cover rate is exceptionally high at approximately 59% of the total population (9,995 people), compared to 64.0% in Greater Adelaide. The most prevalent medical conditions are mental health issues and asthma, affecting 7.7% and 6.7% of residents respectively. 73.4% of residents report being completely free from medical ailments, comparable to the 72.6% across Greater Adelaide. Prospect has 15.0% of its population aged 65 and over (2,549 people), lower than Greater Adelaide's 17.9%. Despite this, health outcomes among seniors require more attention than those in the broader population.

Prospect was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Prospect's population, born overseas, stood at 30.2%, significantly higher than most local markets. 30.4% of Prospect residents spoke a language other than English at home. Christianity was the predominant religion in Prospect, accounting for 45.9%.

The 'Other' religious category comprised 2.1% of Prospect's population, slightly higher than Greater Adelaide's 1.9%. In terms of ancestry, the top three groups were English (21.7%), Australian (19.0%), and Other (10.3%). Notably, Greek (5.3%) and Italian (8.0%) populations were overrepresented in Prospect compared to regional averages of 4.3% and 7.4%, respectively. Vietnamese population was also relatively higher at 3.6%.

Prospect's population is slightly younger than the national pattern

The median age in Prospect is 37 years, which is lower than Greater Adelaide's average of 39 years and close to the national average of 38 years. The 25-34 age cohort represents 17.2% of Prospect's population, higher than Greater Adelaide's average, while the 75-84 age group makes up 4.2%, lower than the Greater Adelaide average. According to post-2021 Census data, the 15-24 age group has increased from 12.5% to 13.4% of Prospect's population, while the 55-64 age cohort has decreased from 11.9% to 10.5%. Population forecasts for 2041 suggest significant demographic changes in Prospect, with the 45-54 age group expected to grow by 31%, reaching 2,704 people from 2,070.