Prospect, NSW
FAIR VALUE3,731 sales · 36 years of data · NSW, Australia
Prospect, NSW Property Market Overview
Prospect, NSW, 2148, is a suburb located in Western Sydney, offering a blend of established residential living and convenient access to amenities. Our analysis of the Prospect property market spans 36 years, covering a total of 3,731 recorded sales. The current median property price in Prospect is $1,003,000, reflecting a diverse market with both houses and apartments.
Prospect's property landscape includes a significant number of apartment buildings and a mix of housing types. Houses currently have a median price of $1,160,000, while apartments sit at $540,000. This price difference highlights the range of options available to potential buyers and investors interested in the Prospect area. The suburb's historical growth, as captured by our extensive data, provides valuable insights into its long-term performance.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Prospect
Top streets in Prospect, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Myrtle St | $515,000 |
| 2 | Blacktown Rd | $1,230,000 |
| 3 | Ollier Cres | $1,130,000 |
| 4 | Myrtle St | $1,130,000 |
... and 135 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Blacktown Rd | $1,953/m² |
| 2 | Witney St | $1,999/m² |
| 3 | Great Western Hwy | $2,602/m² |
| 4 | Upwey St | $1,971/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Oaktree Gr | +3.9% |
| 2 | Bromfield Ave | +4.8% |
| 3 | Norman St | +3.8% |
| 4 | Blacktown Rd | +6.6% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 8 C Myrtle St | $502,500 |
| 2 | 8 D Myrtle St | $541,500 |
| 3 | 8 B Myrtle St | $490,000 |
| 4 | 8 A Myrtle St | $545,000 |
... and 179 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Prospect analysis
139 streets and 183 buildings to explore
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Prospect at a Glance
Prospect, NSW
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Local Amenities
Living in Prospect, NSW
Living in Prospect offers a blend of suburban convenience and access to a range of amenities. The suburb is home to several schools, including Prospect Public School and Our Lady of Lourdes Primary School, making it attractive for families. Residents can enjoy shopping at Prospect Shopping Centre and nearby Blacktown Westpoint.
For recreation, Prospect has parks like William Lawson Park and nearby Nurragingy Reserve, providing ample green space. Transport options include bus routes and proximity to Blacktown Station on the T1 Western Line. Prospect offers a multicultural community vibe, with a variety of restaurants and local businesses reflecting its diverse population. The suburb provides a balanced lifestyle with access to essential services and recreational opportunities.
Who Buys in Prospect?
The buyer profile in Prospect is diverse, reflecting the suburb's range of housing options and price points. The strata percentage of 19.0% indicates a significant proportion of apartment living, attracting first home buyers, young professionals, and downsizers seeking more manageable properties. The median house price of $1,160,000 also appeals to families looking for larger homes with gardens. The historical growth rates, with a 10-year CAGR of 6.8%, may attract investors seeking long-term capital appreciation. Prospect's accessibility and amenities make it an attractive location for a variety of buyers.
Market Analysis
Currently, our analysis indicates that the Prospect property market is near its long-term trend, suggesting it is at fair value. This means that prices are neither significantly above nor below what historical trends would indicate.
This cycle position implies that price movements in Prospect are generally aligned with broader market forces and long-term growth patterns. While specific market fluctuations are always possible, the current fair value status suggests a relatively stable environment for both buyers and sellers in Prospect. Understanding this cycle position is crucial for anyone considering property transactions in the area.
Is Prospect a Good Investment?
Prospect has demonstrated consistent growth over the long term, as evidenced by its historical CAGR figures. The 10-year CAGR of 6.8% and the full-period CAGR of 5.8% indicate a steady appreciation in property values in Prospect.
Currently, the Prospect property market is near its long-term trend, suggesting it is at fair value. This balanced position, combined with the suburb's established amenities and transport links, contributes to its appeal. The mix of housing types, including both houses and apartments, caters to a diverse range of residents. These factors collectively influence property values in Prospect.
Prospect Market Outlook
As of early 2026, the Prospect property market is near its long-term trend, indicating it is at fair value. Recent price trends have shown stability, aligning with the overall market cycle. The suburb's established infrastructure and ongoing development contribute to its continued appeal. This market outlook suggests a balanced environment for property transactions in Prospect as of early 2026.
Streets & Location in Prospect, NSW
Prospect, postcode 2148, features a variety of streets with varying property values. Among the top streets by median price in Prospect are Ollier Crescent, Myrtle Street, and Aldgate Street. These streets represent some of the more desirable locations within the suburb. With a total of 139 streets, Prospect offers a diverse range of residential options. The suburb's location in Western Sydney provides access to key amenities and transport links.
Market Dynamics
The market transaction patterns in Prospect show an average settlement time of 61 days. This timeframe provides an indication of the efficiency and liquidity of the local property market. Prospect’s market dynamics are influenced by various factors, including buyer demand, interest rates, and broader economic conditions. While we do not have data on quick-flip percentages for Prospect, the settlement timeframe offers insights into transaction speeds.
Development & Density
Prospect exhibits a mix of housing types and development densities, with 183 apartment buildings contributing to the suburb's residential landscape. The presence of these apartment buildings reflects a trend towards higher-density living in certain areas of Prospect. This development density caters to a range of residents, from families seeking houses to individuals and couples preferring apartment living. The suburb's housing composition trends have evolved over time, reflecting changing demographics and lifestyle preferences.
Growth & Property Mix
Prospect's historical growth rates provide valuable context for understanding its property market. Over the past 10 years, Prospect has experienced a Compound Annual Growth Rate (CAGR) of 6.8%. Looking further back, the 20-year CAGR stands at 4.9%, while the full period CAGR, covering the entire 36 years of data, is 5.8%. The property mix in Prospect includes a significant proportion of apartments, representing 19.0% of the total market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.