Prospect (NSW)

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

The population of Prospect NSW, as estimated by AreaSearch based on ABS updates and new addresses validated since Nov 2025, is around 5,157. This reflects a decrease from the 2021 Census figure of 5,187 people, indicating a change of -30 (-0.6%) in population. The estimated resident population (ERP) for Prospect NSW was 5,155 as of June 2024, according to ABS data examined by AreaSearch. This ERP estimate includes contributions from surrounding areas applied by the ABS to Prospect NSW. Since the Census date, an additional 9 validated new addresses have been identified in the suburb.

The population density for Prospect NSW is currently 1,998 persons per square kilometer, which exceeds the average seen across national locations assessed by AreaSearch. Overseas migration contributed approximately 63.0% of overall population gains in recent periods for Prospect NSW. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and NSW State Government's SA2-level projections released in 2022 with a base year of 2021 for areas not covered by the former data. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. According to aggregated SA2-level projections, Prospect NSW is expected to experience population growth just below the Australian median statistical area average, with an increase of 609 persons anticipated by 2041, reflecting a total gain of 13.9% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Prospect, placing the area among the bottom 25% of areas assessed nationally

Based on AreaSearch analysis using ABS building approval numbers allocated from statistical area data, Prospect has averaged approximately 11 new dwelling approvals annually over the past five financial years ending June 2021. This totals an estimated 58 homes. As of February 2026, 2 approvals have been recorded in this financial year. The population has declined in recent years, yet housing supply has remained adequate relative to demand, creating a balanced market with good buyer choice.

New properties are constructed at an average expected construction cost value of $394,000, which is below the regional average, suggesting more affordable housing options for buyers. In this financial year, there have been $311,000 in commercial approvals, indicating a predominantly residential focus. Compared to Greater Sydney, Prospect shows substantially reduced construction, with 62.0% fewer approvals per person than the regional average. This scarcity of new homes typically strengthens demand and prices for existing properties. This level is also under the national average, suggesting the area's established nature and potential planning limitations. Recent construction comprises 67.0% detached dwellings and 33.0% townhouses or apartments, reflecting a growing mix of housing types to provide options across different price points.

This shows a significant change from the current housing mix, which is currently 84.0% houses, likely due to reduced availability of development sites and shifting lifestyle demands and affordability requirements. With around 527 people per dwelling approval, Prospect indicates a developed market. According to the latest AreaSearch quarterly estimate, Prospect is expected to grow by 719 residents through to 2041. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Prospect has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified ten projects likely affecting this region. Notable projects include Westmead Innovation Quarter, Westmead Rise Stage 2 - Aspect by Deicorp, University of Sydney Parramatta-Westmead Campus, and Central Acute Services Building (CASB) as part of the Westmead Redevelopment. The following details those most 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 of employment trends sees Prospect performing better than 85% of local markets assessed across Australia

Prospect has an educated workforce with diverse sector representation. The unemployment rate was 2.2% in the past year, with estimated employment growth of 7.1%.

As of June 2025, there were 3,268 residents employed, and the unemployment rate was 2.0% lower than Greater Sydney's rate of 4.2%. Workforce participation was similar to Greater Sydney's 60.0%. Key industries included health care & social assistance, retail trade, and construction. The area had a particular employment specialization in transport, postal & warehousing, with an employment share 1.6 times the regional level.

However, professional & technical employed only 5.6% of local workers, below Greater Sydney's 11.5%. Employment opportunities appeared limited locally, as indicated by Census data comparing working population and resident population. Between June 2024 and June 2025, employment levels increased by 7.1%, and labour force increased by 6.7%, reducing the unemployment rate by 0.4 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%, with a 0.3 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest potential future demand within Prospect. Over five years, national employment is forecast to expand by 6.6%, and over ten years by 13.7%. Applying these projections to Prospect's employment mix suggests local employment should increase by 6.4% over five years and 13.3% over ten years.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

Prospect's median taxpayer income is $55,123, with an average of $64,865, based on the latest postcode level ATO data aggregated by AreaSearch for financial year 2022. These figures align with national averages, whereas Greater Sydney's median income is $56,994 and average income is $80,856. Considering a 12.61% growth in wages since financial year 2022, estimated incomes for September 2025 would be approximately $62,074 (median) and $73,044 (average). According to the 2021 Census, Prospect's household, family, and personal incomes fall around the 64th percentile nationally. Income brackets show that 35.0% of locals (1,804 people) earn between $1,500 and $2,999, similar to the metropolitan region's 30.9%. Housing costs consume 15.3% of income, but strong earnings place disposable income at the 72nd percentile. The area's SEIFA income ranking places it in the 6th decile.

Prospect is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Prospect's dwelling structure, as per the latest Census, consisted of 83.7% houses and 16.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metro's 76.8% houses and 23.3% other dwellings. Home ownership in Prospect stood at 33.6%, with mortgaged dwellings at 44.5% and rented ones at 21.9%. The median monthly mortgage repayment was $2,167, aligning with Sydney metro's average, while the median weekly rent was $435, higher than Sydney metro's $400. Nationally, Prospect's mortgage repayments were higher at $2,167 compared to Australia's average of $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 80.8% of all households, including 44.8% couples with children, 23.7% couples without children, and 11.0% single parent families. Non-family households make up the remaining 19.2%, with lone person households at 17.5% and group households comprising 1.9%. The median household size is 2.9 people, which matches the Greater Sydney average.

Educational attainment in Prospect aligns closely with national averages, showing typical qualification patterns and performance metrics

Prospect trail's regional benchmarks show that 28.4% of residents aged 15+ have university degrees, compared to Greater Sydney's 38.0%. This indicates potential for educational development and skill enhancement. Bachelor degrees are most common at 20.3%, followed by postgraduate qualifications (6.6%) and graduate diplomas (1.5%). Vocational credentials are also prominent, with 32.5% of residents aged 15+ holding them, including advanced diplomas (11.3%) and certificates (21.2%).

Educational participation is high, with 29.0% of residents currently enrolled in formal education. This includes 9.0% in primary education, 7.8% in secondary education, and 5.3% pursuing tertiary education. Ebenezer Christian College offers local educational services within Prospect, enrolling 140 students. The area has typical Australian school conditions (ICSEA: 1005) with balanced educational opportunities. All 1 schools provide integrated K-12 education for academic continuity. Local school capacity is limited at 2.7 places per 100 residents compared to the regional average of 15.7, leading many families to travel nearby for schooling.

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

Prospect's public transport analysis shows 16 active stops currently operating, all of which are bus services. These stops are served by 12 different routes, together offering 1,220 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 174 meters from the nearest stop.

Service frequency averages 174 trips per day across all routes, equating to approximately 76 weekly trips per individual stop.

The level of general health in Prospect is notably higher than the national average with prevalence of common health conditions low among the general population and nearer the nation's average across older, at risk cohorts

Prospect shows better-than-average health outcomes with lower prevalence of common conditions among its general population compared to older, at-risk cohorts nationwide. Private health cover rate is approximately 53% (~2,712 people), slightly higher than Greater Sydney's 49.8%.

The most prevalent medical conditions are arthritis and asthma, affecting 6.5% each of residents. 73.0% report no medical ailments, similar to Greater Sydney's 73.6%. Prospect has a higher proportion of seniors aged 65 and over at 16.8% (866 people) compared to Greater Sydney's 15.2%. Health outcomes among seniors require more attention than the broader population.

Prospect is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Prospect has a high level of cultural diversity, with 44.3% of its population born overseas and 47.1% speaking a language other than English at home. Christianity is the predominant religion in Prospect, making up 59.1% of its people. Hinduism is overrepresented compared to Greater Sydney, comprising 12.9% of Prospect's population versus 14.7%.

The top three ancestry groups are Other (21.5%), Australian (15.8%), and English (13.2%). Some ethnic groups have notable differences in representation: Maltese at 4.6% compared to 1.9%, Filipino at 4.1% versus 6.4%, and Lebanese at 3.9% compared to 1.8%.

Prospect's population aligns closely with national norms in age terms

The median age in Prospect is close to Greater Sydney's average of 37 years and equivalent to Australia's median of 38 years. Compared to Greater Sydney, Prospect has a higher proportion of residents aged 65-74 (10.0%) but fewer residents aged 25-34 (13.3%). Between the 2021 Census and the present day, the proportion of residents aged 75-84 has increased from 4.3% to 5.6%, while the proportion of those aged 55-64 has decreased from 12.0% to 11.1%. By 2041, Prospect's age composition is expected to shift significantly. Notably, the 45-54 age group is projected to grow by 33%, reaching 880 residents from its current level of 660. Meanwhile, the 25-34 age group is expected to decrease by 12 residents.