Suburb report · SA 5082
Prospect
Prepared by the property strategists at Chase Wealth Australia
Compare with
Investment Score
Enter your details to see this suburb's Investment Score, medians, yields and growth.
Population
15,451
Prospect suburb profile
Who lives in Prospect
Prospect sits 5km from the Adelaide CBD, inside the inner ring of the capital. Prospect is home to 15,451 people, a scale matched by fewer than 2% of South Australian suburbs. Among the 340 suburbs within 40km of the Adelaide CBD, it ranks 6 by population. Residents are slightly younger than the state norm, a median age of 37 against 41. Against the 340 suburbs within 40km of the Adelaide CBD, it is older than 76 and younger than 242.
Income and home ownership
At $114,900, the median household income is among the highest in South Australia, ahead of 84% of suburbs. On household income it ranks 63 of 340 suburbs within 40km of the Adelaide CBD. A renting share of 35.5% is above the state norm, where the median suburb has 73.1% ownership. 231 of the 340 suburbs within 40km of the Adelaide CBD have a higher ownership share.
Household mix
The 2021 Census counted 5,597 occupied private dwellings in Prospect, one of the larger housing stocks in South Australia. Families with children are the largest household type at 42.1%, ahead of couples without children at 25.1% and people living alone at 26.4%. On the share of families with children it ranks 181 of 340 suburbs within 40km of the Adelaide CBD. Few South Australian suburbs have more group households: 6.3% of households, ahead of 91% of the state. At 25.1%, couples without children are less common here than in 66% of South Australian suburbs.
Housing supply
Approvals have surged: 270 new dwellings were approved across the Prospect statistical area in the year to June 2025, against its 2020 to 2024 average of 98 a year. Supply figures here are for the Prospect statistical area, home to 16,898 residents in 2025, which closely matches Prospect. Per head of population the pipeline is deep: 16 approvals per 1,000 residents of that area against 5.2 for the median South Australian area. Between 2020 and 2025 the area's approvals peaked at 270 in 2025 and bottomed at 59 in 2024.
Population trend
The population of the Prospect statistical area grew 7.3% from 2020 to 2025, faster than most of South Australia, against 6.3% for South Australia as a whole. Over those 5 years a typical South Australian statistical area added 4.8%, putting this area 2.5 points ahead. It ranks at the 74th percentile of South Australian statistical areas for population growth over the period. The fastest single year was to 2023, at 2.5%, and the slowest to 2024, at 0.7%.
Against its neighbours
Of the nearby suburbs listed below, Adelaide differs most on the share of people living alone: 45.3% there against 26.4% in Prospect. Magill is the closest match on the share of families with children, at 42.5% against 42.1%. Seaton sits 7km away, with a median household income of $75,100 against $114,900 here.
Location
Demographics
ABS Data by Region to 2025, on ABS Census 2021 suburb baselineHousehold Mix Census 2021
Growth Projection Calculator
Projections for Prospect load with the full report once your details are in.
Similar Suburbs
Reading this report
Every figure in the Prospect data table is dated at its source. Supply and population change cover the Prospect statistical area, whose boundary differs from Prospect's, and our guide to reading a suburb report explains how our buyers agents weigh them.
$100M+
in property acquired for clients
1,200+
properties sourced and settled
500+
clients guided the whole way
98%
client retention rate
Speak with a Property Expert
Book a strategy session. We'll review your position and map your next purchase.
What best describes you?
This report is market intelligence prepared by Chase Wealth Australia for general information only. Figures are statistical estimates for the suburb, not valuations of any individual property, and do not constitute financial or credit advice. Consider your circumstances and seek professional advice before acting. Demographic figures are sourced from the Australian Bureau of Statistics, Census 2021 (licensed CC BY 4.0) where available.