Prospect (SA)

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

Based on analysis of ABS population updates for the Prospect (SA) statistical area (Lv2), and new addresses validated by AreaSearch, the population is estimated at around 16,051 as of Nov 2025. This reflects an increase of 1,467 people (10.1%) since the 2021 Census, which reported a population of 14,584 people in the area. The change is inferred from the resident population of 15,410 estimated by AreaSearch following examination of the latest ERP data release by the ABS on Jun 2024 and an additional 220 validated new addresses since the Census date. This level of population equates to a density ratio of 3,229 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. The Prospect (SA) (SA2)'s 10.1% growth since the 2021 census exceeded the SA3 area's 8.2% and the state's growth rate, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 85.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in Jun 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, the SA State Government's Regional/LGA projections by age category are adopted, released in 2023 and based on 2021 data, with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Anticipating future population dynamics, an above median population growth is projected for statistical areas across the nation, with the Prospect (SA) expected to grow by 3,386 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 17.5% over the 17 years.

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

AreaSearch analysis of ABS building approval numbers shows Prospect recorded approximately 119 residential properties granted approval annually. Over the past five financial years, from FY-21 to FY-25, around 596 homes were approved, with an additional 60 approved so far in FY-26. On average, over these five years, each dwelling is estimated to house 2 new residents per year, indicating strong demand that supports property values.

The average construction value of new homes is $382,000, suggesting developers are focusing on the premium market with high-end developments. This financial year has seen $36.2 million in commercial approvals, demonstrating robust commercial development momentum. Compared to Greater Adelaide, Prospect exhibits somewhat elevated construction activity, with 12.0% above the regional average per person over the five-year period. This preserves reasonable buyer options while sustaining existing property demand. New building activity shows 18.0% detached houses and 82.0% townhouses or apartments, marking a significant shift from current housing patterns of 68.0% houses.

This trend towards denser development provides accessible entry options appealing to downsizers, investors, and entry-level buyers, potentially facilitated by diminishing developable land availability and evolving lifestyle preferences. With around 105 people per dwelling approval, Prospect exhibits characteristics of a growth area. Population forecasts indicate Prospect will gain approximately 2,807 residents through to 2041 based on the latest AreaSearch quarterly estimate. Given current development patterns, new housing supply should readily meet demand, offering favourable conditions for buyers and potentially facilitating population growth beyond current projections.

Prospect has emerging levels of nearby infrastructure activity, ranking in the 37thth percentile nationally

Area infrastructure changes significantly influence local performance. AreaSearch identified 11 projects potentially impacting the area. Key projects are Prospect Corner, 110 Hawker Street, Ridleyton, Prospect Lifestyle Precinct, and Prospect 1838. The following list details those likely to be most relevant.

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

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Employment conditions in Prospect demonstrate exceptional strength compared to most Australian markets

Prospect has a highly educated workforce with essential services sectors well represented. The unemployment rate was 2.9% in September 2025, below Greater Adelaide's rate of 3.9%.

Employment growth over the past year was estimated at 2.9%. Workforce participation was 69.9%, higher than Greater Adelaide's 61.7%. Leading employment industries were health care & social assistance, education & training, and professional & technical, with a strong specialization in professional & technical at 1.3 times the regional level. Construction showed lower representation at 6.8% compared to the regional average of 8.7%.

Employment opportunities appeared limited locally based on Census data. Between September 2024 and September 2025, employment increased by 2.9%, while labour force grew by 3.1%, raising the unemployment rate by 0.2 percentage points. In comparison, Greater Adelaide had employment growth of 3.0% and a decrease in unemployment by 0.1 percentage points. State-level data to 25-Nov-25 showed SA employment grew by 1.19% year-on-year, with an unemployment rate of 4.0%, outperforming the national average of 0.14%. Job forecasts from May-25 indicated national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Prospect's employment mix suggested local employment should increase by 6.8% over five years and 14.1% over ten years, though this was a simple extrapolation for illustrative purposes.

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

AreaSearch's latest postcode level ATO data for financial year ending June 2023 indicates that Prospect suburb has high national incomes. The median assessed income is $57,778 and the average income stands at $76,711. In comparison, Greater Adelaide has a median income of $54,808 and an average income of $66,852. Based on Wage Price Index growth since financial year ending June 2023, current estimates suggest approximately $62,862 (median) and $83,462 (average) as of September 2025. According to the 2021 Census, incomes in Prospect cluster around the 69th percentile nationally. The income bracket of $1,500 - $2,999 dominates with 32.6% of residents, which is consistent with broader trends across the region showing 31.8% in the same category. After housing expenses, 86.2% of income remains for other expenses. 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 68.0% houses and 32.0% other dwellings. In comparison, Adelaide metro had 66.2% houses and 33.7% other dwellings. Home ownership in Prospect was at 30.3%, with mortgaged dwellings at 34.4% and rented ones at 35.3%. The median monthly mortgage repayment in Prospect was $1,929, lower than Adelaide metro's $2,000. The median weekly rent in Prospect was $350, similar to Adelaide metro's $345. Nationally, Prospect's mortgage repayments were higher at $1,929 compared to the Australian average of $1,863, while rents were lower at $350 than the national figure of $375.

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

Family households account for 67.4% of all households, including 32.2% couples with children, 25.1% couples without children, and 8.5% single parent families. Non-family households make up the remaining 32.6%, with lone person households at 26.4% and group households comprising 6.3%. The median household size is 2.5 people, which matches the Greater Adelaide average.

Prospect shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Prospect has a notably high educational attainment, with 43.6% of its residents aged 15 and above holding university qualifications. This figure exceeds the broader state (25.7%) and Greater Adelaide (28.9%) averages, indicating a significant educational advantage for the area. Bachelor degrees are the most prevalent, held by 27.8% of residents in this age group, followed by postgraduate qualifications at 11.5%, and graduate diplomas at 4.3%. Vocational credentials are also prominent, with 25.2% of residents aged 15 and above holding such qualifications.

Advanced diplomas account for 10.0% and certificates for 15.2% of this age group. Educational participation is notably high in Prospect, with 31.2% of residents currently enrolled in formal education. This includes 10.1% 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 56 active public transport stops, serving a mix of train and bus services. These stops are covered by 30 different routes that together facilitate 2,461 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 196 meters to the nearest stop.

The service frequency is 351 trips per day across all routes, which translates to about 43 weekly trips per individual stop.

Prospect's residents are extremely healthy with prevalence of common health conditions low among the general population though higher than 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 but higher than the national average across older, at-risk cohorts.

The rate of private health cover is very high, approximately 57% of the total population (around 9,195 people). This compares to 63.1% across Greater Adelaide. The most common medical conditions in the area are mental health issues and asthma, impacting 7.8 and 6.7% of residents respectively. A total of 73.4% of residents declared themselves completely clear of medical ailments, compared to 72.6% across Greater Adelaide. Prospect has 14.5% of its residents aged 65 and over (around 2,327 people), which is lower than the 17.9% in Greater Adelaide.

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, found in a study conducted between 2016 and 2021, was more culturally diverse than most local markets. The percentage of overseas-born residents stood at 30.4%, while those speaking languages other than English at home comprised 30.6%. Christianity emerged as the predominant religion, with 45.2% of Prospect's population identifying with it.

However, the 'Other' religious category saw a higher representation in Prospect at 2.2%, compared to Greater Adelaide's 1.9%. In terms of ancestry, the top three groups were English (21.7%), Australian (18.9%), and Other (10.5%). Notably, Greek, Polish, and Vietnamese ethnicities showed overrepresentation in Prospect: Greeks at 5.2% compared to 4.3%, Poles at 1.2% versus 1.1%, and Vietnamese at 3.5% against the regional average of 2.7%.

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 17.4%, compared to Greater Adelaide's average. Meanwhile, the 75-84 year-olds are under-represented at 4.0%. According to data from the 2021 Census, the 15-24 age group has increased from 12.5% to 13.5% of Prospect's population. Conversely, the 55-64 age cohort has decreased from 11.7% to 10.3%. Population forecasts for the year 2041 indicate significant demographic changes in Prospect. Notably, the 45-54 age group is projected to grow by 28%, adding 539 people and reaching a total of 2,498 from its current figure of 1,958.