All About Prospect, Banana, QLD, 4715
Prospect in Banana, Queensland, offers a unique blend of rural charm and community-oriented living, making it an attractive spot for those looking to settle away from the hustle and bustle of city life. The housing market in Prospect is characterized by relatively affordable properties, which predominantly consist of single-family homes and acreage properties. This affordability, combined with the spacious lots typical of the area, provides residents with ample space for outdoor activities and gardening, a key attraction for families and retirees. Despite its rural setting, the area has been experiencing steady interest from homebuyers, thanks in part to its peaceful environment and the sense of community that smaller towns often foster.
Living in Prospect, Banana, QLD, is like stepping into a tight-knit community where neighbors know each other, and local events bring everyone together. The area prides itself on its serene landscapes, with wide-open spaces and beautiful views of nature that contribute to a relaxed lifestyle. Residents enjoy the simplicity and slower pace of life, which is complemented by local facilities such as schools, shops, and parks that cater to everyday needs. Although amenities are more limited compared to urban areas, the regional center of Biloela is within easy reach for additional services and entertainment options. Overall, Prospect offers a welcoming environment where residents can enjoy a balance of country living with the convenience of nearby urban facilities.
Household Makeup
| Median Weekly Rent | $206.60 |
| Median Monthly Mortgage | $2000.40 |
| Median Persons Per bed houseroom | 0.80 |
| Average Household Size | 2.60 |
| Average Age | 43.80 |
| Average Income | $820.80 |
| Average Cars Per Dwelling | 2.42 |
| Average Properties Within 50M | 1 |
| Typical 2 bed house | |
| Typical 3 bed house | $577,000 |
| Typical 4 bed house | $478,000 |
| Typical 5 bed house |
Housing Stock
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Prospect Real Estate Market Outlook
Thinking about buying in Prospect? Now could not be a better time, with just 202 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $557,000 with prices in this suburb ranging from $430,000 to $989,000. The aproximate distance to the coast is 89 Km.
In Prospect there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Prospect due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Prospect provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Prospect necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Prospect the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationHouses for sale Prospect
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10 Tan Drive, Prospect, QLD, 4715 |  4 |
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500000 |
Local Schools
Prospect Creek State School
Redeemer Lutheran College
Biloela State School
Biloela State High School
St Joseph's Catholic Primary School
(While the above schools are located with the suburb of Prospect there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Prospect weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.8 | 19.7 | 34.0 | 37.2 | 89.0 | 3.1 | 24.3 |
| Feb | 3.1 | 19.7 | 33.4 | 38.8 | 89.1 | 3.1 | 23.3 |
| Mar | 2.0 | 18.4 | 31.8 | 41.5 | 92.4 | 2.7 | 20.3 |
| Apr | 0.8 | 14.1 | 29.0 | 38.8 | 93.2 | 2.4 | 18.6 |
| May | 0.6 | 9.3 | 26.0 | 36.0 | 92.3 | 2.3 | 15.6 |
| Jun | 0.7 | 7.5 | 23.7 | 37.9 | 92.3 | 2.4 | 13.7 |
| Jul | 0.2 | 6.7 | 24.1 | 34.5 | 90.8 | 2.3 | 15.2 |
| Aug | 0.8 | 6.4 | 25.1 | 28.8 | 87.8 | 2.4 | 17.3 |
| Sept | 0.7 | 9.4 | 28.4 | 27.2 | 89.9 | 2.7 | 21 |
| Oct | 1.2 | 12.8 | 30.5 | 29.1 | 90.3 | 3.0 | 25 |
| Nov | 0.4 | 16.1 | 33.7 | 27.6 | 88.7 | 3.0 | 26.7 |
| Dec | 3.4 | 18.6 | 33.3 | 36.1 | 88.0 | 3.1 | 27.2 |
source: Australian Government Bureau of Meteorology
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