Business Investment

Investment opportunities within City of Prospect

City of Prospect sees attracting investment to the Prospect council area as an important and strategic key to creating a vibrant and enjoyable community. Prospect is a great place to live and conduct business, so we encourage investment to help continue this great environment for all.

City of Prospect is investment ready, as our multiple national and international awards testify to.

Awards we have received include:

  • Digital Strategy
  • ICF Smart City
  • Community Village Heart design

A visit to City of Prospect will allow you to witness first-hand the hospitality and potential pathways for investment success.

10 Gig Reasons to Invest in Prospect

City of Prospect has joined the international GigCity network. It connects Prospect at gigabit speeds to the global GigCity network.

GigCity logo

Minister for Industry and Skills, David Pisoni officially launched the GigCity network on Wednesday, 12 September at Palace Nova Cinema Complex on Prospect Road.

New Prospect Economic Analysis identifies strong growth in lifestyle businesses and knowledge workers.

10 Gig Reasons to Invest in Prospect is our new Investment Attraction Strategy. It is about how we are making the shift from an apartment-led revitalisation to both apartment and commercial development.

Find out more here.

Economic Profile

City of Prospect has access to economic data supplied by REMPLAN for 114 industries and an economic impact modelling capability. To view the public economic profile, click here.

City of Prospect Main North Road & North East Road Investment Strategy

In February 2018, Council saw an opportunity to attract private sector development by adopting and Investment Action Strategy. A strategy was created for Main North and North East Roads, in order to assist the Main North Road Masterplan.

In particular, the Investment Attraction Strategy has sought to identify:

  • Drivers for private sector development,
  • The value proposition for local investors, overseas investors, businesses and property owners
  • Development of a staged strategy for investment linked to targeted public realm upgrades

With a focus on commercial development opportunities, but with some residential development also, the strategy aims to frame the area as an Investment Corridor with a focus on seven key Anchor Precincts.

Read the report here.

Business and Investment Opportunities

To view City of Prospect's Commercial Property Opportunities Booklet click here.

Starting a Business

If you’re after any information at all on starting a business in the Prospect area, head to the NetworkProspect website - . The NetworkProspect website is also a great place to find information on all the ways that Council seeks to support businesses in Prospect.

If you would like more information on investment within City of Prospect, please contact the Economic Development Officer at, or by calling (08) 8269 5355.