City of Prospect

Business trends

The number of GST registered businesses in the the City of Prospect increased by 24 in the Dec-24 Quarter. There were 79 new GST registrations and 55 GST cancellations.

The Australian Government recently updated ABR data coding to align with the new Australian Statistical Geography. These changes were not communicated to ABR data users and caused anomalies in our published trend data due to previous processing methods. As a result, data for the last two quarters (Dec-23 and Mar-24) has been revised. More details are available here.

The Australian Business Register (ABR) is a register of all business entities and sole traders in Australia, based on Australian Business Numbers (ABNs), maintained by the Australian Taxation Office.

While ABR business data does not pick up all operations in a region (some companies are not registered at the location where they undertake commercial operations), the time-series data can be quite insightful. It can give you an indication of the short-term impacts of macro-events, and can also offer a sign as to how favourable local conditions are to establishing new businesses during normal times.

Changes in business counts by industry can show structural shifts within the economy and identify growth and declining industries. For example, growth industries will have high entry and exit rates due to the high failure rates of first movers and smaller high growth enterprises. Declining sectors will have low entry and high exit rates.

The raw business register dataset contains large numbers of ABNs which are not relevant to local government planning, including trusts, superannuation funds, non-active businesses and micro businesses not registered for GST. These have been filtered out of the data presented here, to provide a more meaningful dataset for Local Government Decision making.

Data are presented as aggregates of ABNs at the Local Government level for each of the time period. The graph of the number of GST registered businesses, the number of new GST registered businesses, and the number of cancelled GST registerations can be selected at the 1-digit ANZSIC classification level. For more information, including actual business locations and name and address details, LGAs are entitled to access the raw ABR unit record dataset directly from the ATO.

Data source

Australian Business Register - filtered counts - Current at April 2025

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Looking for the official business count? Businesses by Industry.
Business trends by industry sector
City of Prospect - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Dec-2024 7955+24
Sep-2024 11173+38
Jun-2024 8339+44
Mar-2024 7445+29
Dec-2023 8152+29
Sep-2023 11478+36
Jun-2023 7741+36
Mar-2023 7836+42
Dec-2022 7249+23
Sep-2022 9679+17
Jun-2022 8537+48
Mar-2022 7249+23
Dec-2021 7141+30
Sep-2021 9764+33
Jun-2021 7346+27
Mar-2021 7153+18
Dec-2020 6424+40
Sep-2020 9465+29
Jun-2020 5130+21
Mar-2020 5744+13
Dec-2019 6544+21
Sep-2019 10650+56
Jun-2019 7230+42
Mar-2019 5725+32
Dec-2018 5424+30
Sep-2018 10659+47
Jun-2018 5740+17
Mar-2018 5724+33
Dec-2017 6242+20
Sep-2017 9150+41
Jun-2017 52520
Mar-2017 5525+30
Dec-2016 4930+19
Sep-2016 7886-8
Jun-2016 3444-10
Mar-2016 4832+16
Dec-2015 3640-4
Sep-2015 7269+3
Jun-2015 4054-14
Mar-2015 4130+11

Source: Australian Business Register. ©2024 Compiled and presented in economy.id by .id (informed decisions).

Please refer to specific data notes for more information

City of Prospect

economic profile