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Prospect suburb profile

Prospect is a western Sydney suburb centred on the landmark Prospect Reservoir and the rise of Prospect Hill, so it has a distinctive mix of open water and hilltop parkland alongside residential and light industrial areas. The suburb features established streets and newer pockets of housing and retains some older homes and quieter tree-lined streets near the hill. Residents include long-term locals, families and tradespeople drawn by the practical mix of housing and employment uses. Recreation is focused on the reservoir's picnic areas, walking and cycling routes and hilltop outlooks, and local shops and community facilities serve day-to-day needs.

Prospect property market performance

Current median dwelling price$932,500Past 3 months

Property growth+9.1%Past 12 months

Prospect has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. The median house price is $1.375 million, and house values rose sharply, up 17.0% over the last 12 months. Unit values rose a slight 1.3% over the same 12 months, so house values increased much more strongly than unit values.

Over the last 3 months, 16 houses and 5 units were sold. Houses had a median days on market of 25 over the last 12 months and units 33 over the last 12 months, a similar time for both property types.

The rental market in Prospect saw house rents average $673 and unit rents average $550 over the last 12 months. House rents fell a modest 2.9% over the same 12 months and unit rents fell a modest 4.0%, so both declined at a similar pace.

HousesUnits
Median price
Past 3 months
$1.38MN/A
Change in value
Past 12 months
17.0%1.3%
Sold
Past 3 months
165
Median days on market
Past 12 months
2533
Average rent
Past 12 months
$673$550
Change in rent
Past 12 months
-2.9%-4.0%

5 year median price trend for houses and units

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Prospect demographics

A community of 5,187 people with a median age of 38, the typical household in the area has a median total weekly income of $2,084, roughly $108,368 a year.

Couple families with children are the largest group at 53.2%. Together with couple families without children (31.4%), couples make up 84.6% of families. One-parent families account for 14.0% and other families for 1.4%.

In Prospect, owner-occupiers are the dominant tenure, comprising 78.5% of homes (33.8% owned outright and 44.7% owned with a mortgage), while renters make up 21.5%.

Suburbs near Prospect

Some popular suburbs near Prospect include:

  • Girraween: Quiet, established suburb in Sydney's west with leafy streets and pocket parks.
  • Pemulwuy: Newer residential area with planned streetscapes and several community open spaces.
  • Seven Hills: Established suburb with a busy centre and varied housing stock.
  • Toongabbie: Leafy suburb with creek reserves and older, character housing.
  • Pendle Hill: Predominantly residential, offering tree-lined streets and neighbourhood parks.

How does Prospect compare to nearby suburbs?

  • Median house prices: Prospect’s median house price is 23.0% higher than Girraween’s.
  • Median unit prices: Prospect’s median unit price is 11.1% lower than Seven Hills’s.
  • House price growth: Over the past 12 months, house prices in Prospect have grown 13.1% higher than in Girraween.
  • Unit price growth: Over the past 12 months, unit prices in Prospect have grown 0.4% higher than in Seven Hills.
  • Selling speed for houses: Properties in Prospect are selling 34.2% faster than in Girraween.
  • Selling speed for units: Properties in Prospect are selling 15.4% faster than in Seven Hills.
  • Investment considerations: In Prospect, the rental yield for house is 26.8% lower than the Sydney average, while the rental yield for units is 30.0% lower.
  • House price growth: Over the past 12 months, house prices in Prospect have grown 34.9% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Prospect have grown 44.3% lower than the average rate of growth for units across Sydney.

Choose the right real estate agents in Prospect

Currently, there are 34 real estate agents working in Prospect—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 34 agents sold 51.4% of all properties in Prospect over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Prospect typically charge a commission of 1.85% to 2.68%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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