Nailsworth vs Prospect

Nailsworth (median $1,400,000) is roughly 18% cheaper to buy into than Prospect ($1,705,000).

Buying in Nailsworth or Prospect?

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Nailsworth and Prospect side by side

MeasureNailsworthProspect
Price and market
Median house$1,400,000$1,705,000
Median unit$284,400$308,880
House price change, 12 months-6.3%–
Renting
House rent$250/wk$650/wk
Unit rent$535/wk$497/wk
Owner occupied64.0%63.0%
Renter occupied32.0%35.0%
Schools
Schools nearby2020
Average ICSEA10691059
Lifestyle and people
Walk score10084
Transit score600
Bike score100100
Population2,23514,584
Median age3937
Climate
Annual rainfall485 mm485 mm
Mean max, January29.8°C29.8°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

Nailsworth scores higher on walkability (100/100 vs 84/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Nailsworth (1069) sits above Prospect (1059).

For buyers
Nailsworth is the lower entry point at $1,400,000 median, 18% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Prospect offers the higher gross rental yield (1.98% vs 0.93%), favouring cash-flow investors.
For families
Nailsworth edges out on average school ICSEA (1069 vs 1059).

Nailsworth vs Prospect: common questions

Is Nailsworth or Prospect cheaper to buy in?

Nailsworth has the lower median house price at $1,400,000, roughly 18% below Prospect ($1,705,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Nailsworth or Prospect have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Nailsworth scores 1069 vs 1059 in Prospect. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.

Which is more walkable, Nailsworth or Prospect?

Nailsworth scores 100/100 on walkability vs 84/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.

Which suburb has higher rental yield, Nailsworth or Prospect?

Gross rental yield on houses is 1.98% in Prospect vs 0.93% in Nailsworth. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.