Prospect
Statistical Area - sa2

Population growth drivers in Prospect are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Prospect's population, as per AreaSearch's analysis, stood at 16,999 by November 2025. This figure reflects a rise of 1,214 individuals, marking a 7.7% increase since the 2021 Census, which recorded a population of 15,785. The change is inferred from the estimated resident population of 16,744 from the ABS as of June 2024 and an additional 239 validated new addresses since the Census date. This results in a population density ratio of 3,102 persons per square kilometer, placing Prospect in the upper quartile relative to national locations assessed by AreaSearch. Prospect's growth of 7.7% since the 2021 census surpassed both the SA3 area (6.2%) and the state, positioning it as a growth leader in the region. Overseas migration contributed approximately 84.6% of overall population gains during recent periods, driving primary population growth for the area.

AreaSearch employs ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, the SA State Government's Regional/LGA projections by age category are adopted, based on 2021 data and released in 2023, with adjustments made using a method of weighted aggregation of population growth from LGA to SA2 levels. Demographic trends project an above median population growth for statistical areas analysed by AreaSearch, with Prospect expected to grow by 3,676 persons to 2041 based on the latest population numbers, indicating a total 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 FY26, 48 approvals have been recorded. On average, 1.9 people moved to the area per dwelling built between FY21 and FY25. The average construction value of new homes was $340,000.

In FY26, $43.2 million in commercial approvals were registered. Prospect's construction levels were 16.0% above Greater Adelaide's average per person over the five-year period. New building activity comprised 18.0% standalone homes and 82.0% townhouses or apartments. The current housing mix is 69.0% houses. There are approximately 179 people per dwelling approval in Prospect, indicating an expanding market.

By 2041, Prospect is expected to grow by 3,420 residents. At current development rates, new housing supply should meet demand comfortably, supporting buyers and potentially exceeding population projections.

Prospect has emerging levels of nearby infrastructure activity, ranking in the 25thth percentile nationally

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified 15 projects that could impact the region. Notable ones include Prospect Corner, Prospect Lifestyle Precinct, Uniting on Devonport (UnitingSA Prospect Housing), and 110 Hawker Street, Ridleyton. The following list details those most likely to be relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis places Prospect well above average for employment performance across multiple indicators

Prospect has an educated workforce with significant representation in essential services sectors. Its unemployment rate is 2.8%, having grown by 1.6% over the past year up to June 2025.

During this period, 10,175 residents were employed while the unemployment rate was 1.2% lower than Greater Adelaide's rate of 4.0%. Workforce participation in Prospect is higher at 69.5%, compared to Greater Adelaide's 61.7%. Key employment sectors are health care & social assistance, education & training, and professional & technical services. Notably, professional & technical services have a concentration 1.3 times the regional average.

Conversely, construction shows lower representation at 6.9% versus the regional average of 8.7%. The area's predominantly residential nature suggests limited local employment opportunities, as indicated by Census data on working population vs resident population. Between June 2024 and June 2025, Prospect saw a 1.6% increase in employment levels and a 1.7% growth in labour force, with unemployment remaining stable. In comparison, Greater Adelaide recorded employment growth of 2.1%, labour force growth of 2.1%, and marginal unemployment rise. Jobs and Skills Australia's national employment forecasts from May 2025 project overall employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Prospect's employment mix suggests local growth of approximately 6.8% over five years and 14.1% over ten years, though these are simple extrapolations for illustrative purposes and do 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 aggregated latest postcode level ATO data released for financial year 2022. Prospect had a median income among taxpayers of $58,263 and an average level of $77,355. Nationally, these figures are extremely high compared to Greater Adelaide's levels of $52,592 and $64,886 respectively. Based on Wage Price Index growth of 12.83% since financial year 2022, current estimates for Prospect as of September 2025 would be approximately $65,738 (median) and $87,280 (average). According to 2021 Census figures, household, family and personal incomes in Prospect cluster around the 71st 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 71st 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). In comparison, Adelaide metro had 66.2% houses and 33.7% other dwellings. Home ownership in Prospect was 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, compared to Adelaide metro's $345. Nationally, Prospect's mortgage repayments were higher than the Australian average of $1,863, while rents were less than the national figure of $375.

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

Family households comprise 67.7% of all households, including 32.2% couples with children, 25.4% couples without children, and 8.5% single parent families. Non-family households account for the remaining 32.3%, with lone person households at 26.2% and group households comprising 6.2%. 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

Educational attainment in Prospect is high, with 43.7% of residents aged 15 and above holding university qualifications, compared to 25.7% in South Australia (SA) and 28.9% in the Greater Adelaide area. The most common university qualification is a bachelor degree, held by 28.0% of residents, followed by postgraduate qualifications at 11.4%, and graduate diplomas at 4.3%. Vocational credentials are also prevalent, with 25.0% of residents aged 15 and above holding them, including advanced diplomas (10.0%) and certificates (15.0%). Educational participation is notably high, 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. Prospect has a robust network of schools, with approximately 6 schools educating around 2,387 students. The area demonstrates above-average socio-educational conditions, with an ICSEA score of 1063. The educational mix includes 3 primary, 2 secondary, and 1 K-12 school. Note: for schools showing 'n/a' in enrolments, please refer to the parent campus.

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 individual routes that together facilitate 2,891 weekly passenger trips. Transport accessibility is rated excellent with residents typically residing 194 meters from the nearest stop.

Service frequency averages 413 trips per day across all routes, equating to approximately 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 shows strong performance throughout Prospect. Prevalence of common health conditions is low among the general population and nears the nation's average across older, at-risk cohorts.

The rate of private health cover is exceptionally high at approximately 59% of the total population (9,995 people), compared to 64.0% across Greater Adelaide. The most common medical conditions in the area are mental health issues and asthma, impacting 7.7 and 6.7% of residents respectively, while 73.4% declare themselves completely clear of medical ailments, compared to 72.6% across Greater Adelaide. The area has 15.0% of residents aged 65 and over (2,549 people), which is lower than the 17.9% in Greater Adelaide. Health outcomes among seniors require more attention than those of 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, as of the 2016 Census, was more culturally diverse than most local markets with 30.2% born overseas and 30.4% speaking a language other than English at home. Christianity was the predominant religion, accounting for 45.9%. The 'Other' religious category was slightly overrepresented at 2.1%, compared to 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% vs regional 4.3%), Vietnamese (3.6% vs 2.7%), and Polish (1.2% vs 1.1%) ethnic groups were more prevalent in Prospect than the Greater Adelaide average.

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 is over-represented in Prospect at 17.2%, compared to Greater Adelaide's average. Conversely, the 75-84 year-olds are under-represented in Prospect at 4.2%. According to post-2021 Census data, the 15-24 age group has increased from 12.5% to 13.4%, while the 55-64 cohort has decreased from 11.9% to 10.5%. By 2041, population forecasts indicate significant demographic changes in Prospect, with the 45-54 age group set to grow by 31% (633 people), reaching a total of 2,704 from 2,070.