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Prairiewood, NSW 2176

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$1,395,000

market range $1.4M-$1.5M

Median Unit

$760,000

market range $550K-$825K

Gross Yield (houses)

2.9%

1yr Growth (houses)

+3.1%

market range +0.0% to +7.5%

Investment snapshot for Prairiewood

Prairiewood has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Prairiewood market and investor summary

In Prairiewood, NSW 2176, the median house sells for around $1.4M, on a gross rental yield of 2.9% for houses. House prices have moved +3.1% over the past year and +26.3% over three years. At 0.4% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation.

Living in Prairiewood: people, income and schools

Prairiewood is home to around 3,457 people, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, and families account for 82% of households.

The typical household income runs to around $77,000 a year (about $1,480 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 18.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

Families have 46 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Prairiewood sits about 28 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 51 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
3,457
-2% over 5yr
Median age
43 years
Median household income
$77,000/yr
Households renting
33%
Family households
82%
Socio-economic rank
4/10
ABS advantage index
Schools within 5km
46
avg ICSEA 963
Unemployment
5.1%
Distance to CBD
28 km
Walk score
51/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Prairiewood

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Frequently asked questions about Prairiewood

What should I check before investing in Prairiewood?

Prairiewood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. 3-year capital growth of +26.3% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Prairiewood?

The median property price in Prairiewood, NSW 2176 is $1.4M for houses and $760K for units.

What rental yield does Prairiewood show?

The gross rental yield in Prairiewood is 2.9% for houses and 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Prairiewood?

House prices in Prairiewood are up 3.1% over the past year and up 26.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Prairiewood?

The current vacancy rate in Prairiewood is 0.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Prairiewood?

Prairiewood has a population of approximately 3,457 residents, with a median age of 43.

What schools are near Prairiewood?

There are 46 schools within roughly 5km of Prairiewood. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Prairiewood affordable to buy in?

A median house in Prairiewood costs about 18.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Prairiewood's population growing?

The population of Prairiewood has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Prairiewood from the CBD?

Prairiewood is about 28 km from the CBD.

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