Prospect · Suburb / Locality

Housing & Dwellings in Prospect

Where and how people live — the homes, how they are held, and what they cost.

High housing costs and large family homes shape daily life in Prospect. Most people live in separate houses with three or more bedrooms, though typical monthly mortgage payments of $2,167 are much higher than in most similar areas.

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📍 Prospect, Suburb / Locality

Where Prospect sits — Median rent (weekly)

$435 ▲ +24.3%
  • $0–$25: 37 areas
  • $25–$50: 86 areas
  • $50–$75: 199 areas
  • $75–$100: 214 areas
  • $100–$125: 525 areas
  • $125–$150: 343 areas
  • $150–$175: 699 areas
  • $175–$200: 597 areas
  • $200–$225: 1183 areas
  • $225–$250: 724 areas
  • $250–$275: 1277 areas
  • $275–$300: 787 areas
  • $300–$325: 1282 areas
  • $325–$350: 618 areas
  • $350–$375: 935 areas
  • $375–$400: 570 areas
  • $400–$425: 763 areas
  • $425–$450: 288 areas
  • $450–$475: 415 areas
  • $475–$500: 176 areas
  • $500–$525: 204 areas
  • $525–$550: 79 areas
  • $550–$575: 125 areas
  • $575–$600: 70 areas
  • $600–$625: 97 areas
  • $625–$650: 21 areas
  • $650–$675: 54 areas
  • $675–$700: 145 areas

All suburb / locality areas, 2021. The marker is Prospect — higher than 87% of areas.

Median rent (weekly) compared with the state and national average
Prospect$435
2148, NSW $400
New South Wales $420
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rent is $435 and monthly mortgage payments are $2,167, both of which are much higher than in most areas. These figures are about the same as the New South Wales averages.

$435 ▲ +24.3%

Higher than 87% of suburb / locality areas.

  • 2011: $350
  • 2016: $410
  • 2021: $435

Median weekly rent paid by households renting their home.

$2,167 ▲ +4.1%

Higher than 80% of suburb / locality areas.

  • 2011: $2,082
  • 2016: $2,167
  • 2021: $2,167

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Prospect, $350–$549 is the majority at 68%; $550–$749 is next at 15%.

Monthly mortgage distribution

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In Prospect, the largest group is $1,800–$2,999 at 45%, followed by $3,000 or more (22%) and $1,000–$1,799 (21%).

Owning & renting

How homes are owned or rented.

About 43.9% of homes are owned with a mortgage, while 33.1% are owned outright. The 21.1% of households that rent is a figure far below the New South Wales average.

21.1% ▲ +21.0%

Higher than 62% of suburb / locality areas.

  • 2011: 17.4%
  • 2016: 16.3%
  • 2021: 21.1%

Share of occupied private dwellings that are rented.

33.1% ▼ -4.7%

Lower than 72% of suburb / locality areas.

  • 2011: 34.8%
  • 2016: 37.1%
  • 2021: 33.1%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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In Prospect, the largest group is Owned with a mortgage at 44%, followed by Owned outright (33%) and Rented (21%).

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses make up 84.1% of the market, with 85.9% of all homes having three or more bedrooms. This is far above the national figure, which helps explain why there are 0.90 people per bedroom here.

0.90 ▼ -18.2%

Higher than 86% of suburb / locality areas.

  • 2011: 1.10
  • 2016: 0.90
  • 2021: 0.90

Average number of usual residents per bedroom — a crowding measure.

84.1% ▼ -11.8%

Lower than 76% of suburb / locality areas.

  • 2011: 95.4%
  • 2016: 91.1%
  • 2021: 84.1%

Share of occupied private dwellings that are separate houses.

85.9% ▼ -7.7%

Higher than 68% of suburb / locality areas.

  • 2011: 93.1%
  • 2016: 89.9%
  • 2021: 85.9%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Prospect, Separate house is the majority at 84%; Flat or apartment is next at 10%.

Bedrooms per home

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In Prospect, the largest group is 3 bedrooms at 43%, followed by 4 bedrooms (32%) and 5 or more (11%).

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Prospect

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Prospect [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL13278/prospect/topic/housing-dwellings