Suburb Profile Report for Prospect NSW (2148)

Prospect House: Median price $812,500, Annual capital growth 9.07%, Number of sales 41, Weekly median advertised rent $470

Prospect Unit: Median price $529,995, Annual capital growth 2.04%, Number of sales 40, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Prospect, 2148 have given investors a capital gain of 10.09%. This compares averagely with the 11.67% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prospect has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Prospect should be aiming for at least -6.62% off the asking price, which is the average vendor discount being achieved at the moment.

Property value increases in Prospect have tracked close to the NSW average of 8.39% over the last 12 months.

Renters in Suburb are facing rents around $4920 per annum or $410 every week.

YIP MAG Information supplied by:

YIP MAG
September 2015

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As each day goes by, it’s getting harder and harder to find suburbs in Sydney where the median house price is less than $600,000, but that’s exactly what’s on offer in ProspectFull summary As each day goes by, it’s getting harder and harder to find suburbs in Sydney where the median house price is less than $600,000, but that’s exactly what’s on offer in Prospect.

Located 32km west of the Sydney CBD, Prospect has easy accessibility to Blacktown and all its fantastic amenities including the large shopping centre Westpoint Blacktown.

Increasing demand for this suburb has seen the vacancy rate drop to 0.82%, according to Real Estate Investar.

What’s even more impressive is that the typical house in Prospect sells in just 23 days.

This demand has seen the median house price climb by 9%, but expect it to grow further into double-digit as its popularity continues to build.

Big brick family houses are popular with families.

Those on Dinton Street, Danby Street and Grove Place are only a few minutes’ drive from local shopping centres, schools and highwaysClose
Metrics i HOUSE UNIT
$812,500 $529,995
-0.31% -4.16%
10.09% 7.07%
9.07% 2.04%
$470 $410
41 40
3.01% 4.02%
51.28 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Prospect NSW
Demographics
Total population 4620
Median household income ($/weekly) 1594
Median age of persons 35
Median housing loan repayment ($/monthly) 2082
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 610 13.2
    25-34 years 660 14.3
    35-44 years 666 14.4
    45-54 years 698 15.1
    55-64 years 596 12.9
    Others 1390 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 1986 57.2
    Not Married 1308 37.7
    Defacto Relationship 175 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2863 64.7
    Former Yugoslav Republic of Macedonia 140 3.2
    Philippines 130 2.9
    United Kingdom 118 2.7
    Other 314 7.1
    Others 859 19.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.9
    Christianity 3292 76.0
    Hinduism 259 6.0
    Islam 185 4.3
    No Religion 475 11.0
    Others 38 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 128 10.0
    $1,250-$1,499 119 9.3
    $1,500-$1,999 201 15.6
    $2,000-$2,499 176 13.7
    $2,500-$2,999 117 9.1
    Others 545 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1660 47.3
    Not in the labour force 1005 28.6
    Employed, worked part-time 570 16.2
    Employed, away from work 145 4.1
    Unemployed, looking for work 133 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 243 10.2
    Professionals 365 15.4
    Technicians & trades workers 383 16.1
    Clerical & administrative workers 493 20.8
    Sales 225 9.5
    Others 666 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 72 6.6
    Infants/Primary 398 36.3
    Secondary 319 29.1
    Technical or Further Educational Institution 99 9.0
    University or other Tertiary Institutions 168 15.3
    Others 39 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4286 96.6
    Semi-detached, row or terrace house, townhouse 134 3.0
    Flat, unit or apartment 16 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 659 46.2
    Fully owned 505 35.4
    Rented 253 17.7
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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