Prospect is a mid-sized suburb in New South Wales within the Blacktown local government area (postcode 2148). With a population of 5,187, the suburb has an established demographic with a median age of 38. Households earn a median income of $108K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Indian.
The median house price in Prospect is $1.4 million, having surged 15.4% over the past year. Units have a median price of $850,000 (+57.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Prospect is served by 1 school, including 1 combined. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Blacktown LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Prospect offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.5x is considered stretched. House prices have moved +15.4% year-on-year.
Prospect is a mid-sized suburb in New South Wales within the Blacktown local government area (postcode 2148). With a population of 5,187, the suburb has an established demographic with a median age of 38. Households earn a median income of $108K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Indian.
The median house price in Prospect is $1.4 million, having surged 15.4% over the past year. Units have a median price of $850,000 (+57.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Prospect is served by 1 school, including 1 combined. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Blacktown LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Prospect offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.5x is considered stretched. House prices have moved +15.4% year-on-year.