Students participate in a range of competitions. These include the annual NSW English, Maths and Science competitions. Other competitions may include Tournament of Minds; ANZAC DAy Schools Award, Oliphant Science Awards, Prospect Library Bookweek Writing competition, Adelaide Show Junior Art and Craft competitions.
In 2015, Prospect Primary School won the SA ANZAC Day Schools Award. A yr 6 student won the SA Primary School section of the National History Challenge for her research on notable past student, Vivienne Bullwinkel.