diff --git a/packages/svelte/src/compiler/compile/render_dom/invalidate.js b/packages/svelte/src/compiler/compile/render_dom/invalidate.js
index 83423e952b..3401e7aec7 100644
--- a/packages/svelte/src/compiler/compile/render_dom/invalidate.js
+++ b/packages/svelte/src/compiler/compile/render_dom/invalidate.js
@@ -38,7 +38,8 @@ export function invalidate(renderer, scope, node, names, main_execution_context
 	 * @param {import('estree').Expression} [node]
 	 */
 	function get_invalidated(variable, node) {
-		if (main_execution_context && !variable.subscribable && variable.name[0] !== '$') {
+		const is_props = !!variable.export_name;
+		if (main_execution_context && !is_props && !variable.subscribable && variable.name[0] !== '$') {
 			return node;
 		}
 		return renderer_invalidate(renderer, variable.name, undefined, main_execution_context);
@@ -61,8 +62,9 @@ export function invalidate(renderer, scope, node, names, main_execution_context
 		return x`@set_store_value(${head.name.slice(1)}, ${node}, ${head.name}, ${extra_args})`;
 	}
 
+	const is_props = !!head.export_name;
 	let invalidate;
-	if (!main_execution_context) {
+	if (!main_execution_context || is_props) {
 		const pass_value =
 			extra_args.length > 0 ||
 			(node.type === 'AssignmentExpression' && node.left.type !== 'Identifier') ||
@@ -96,8 +98,9 @@ export function invalidate(renderer, scope, node, names, main_execution_context
  */
 export function renderer_invalidate(renderer, name, value, main_execution_context = false) {
 	const variable = renderer.component.var_lookup.get(name);
+	const is_props = variable && variable.export_name && !variable.module;
 	if (variable && variable.subscribable && (variable.reassigned || variable.export_name)) {
-		if (main_execution_context) {
+		if (main_execution_context && !is_props) {
 			return x`${`$$subscribe_${name}`}(${value || name})`;
 		} else {
 			const member = renderer.context_lookup.get(name);
@@ -124,6 +127,9 @@ export function renderer_invalidate(renderer, name, value, main_execution_contex
 			const member = renderer.context_lookup.get(name);
 			return x`$$invalidate(${member.index}, ${value})`;
 		}
+	} else if (main_execution_context && is_props) {
+		const member = renderer.context_lookup.get(name);
+		return x`$$invalidate(${member.index}, ${name})`;
 	}
 	if (main_execution_context) return;
 	// if this is a reactive declaration, invalidate dependencies recursively
diff --git a/packages/svelte/src/runtime/internal/Component.js b/packages/svelte/src/runtime/internal/Component.js
index 5b38f7ffd8..5463a5c491 100644
--- a/packages/svelte/src/runtime/internal/Component.js
+++ b/packages/svelte/src/runtime/internal/Component.js
@@ -24,7 +24,8 @@ export function bind(component, name, callback) {
 	const i = component.$$.props[name];
 	if (i !== undefined) {
 		let dirty = false;
-		if (component.$$.bound[i]) dirty = true;
+		// special dirty flag for bind
+		if (component.$$.bound[i] === null) dirty = true;
 		component.$$.bound[i] = callback;
 		// first binding call, if child value is not yet dirty, skip to prevent unnecessary backflow
 		callback(component.$$.ctx[i], /** skip_binding */ !dirty);
@@ -127,10 +128,13 @@ export function init(
 	$$.ctx = instance
 		? instance(component, options.props || {}, (i, ret, ...rest) => {
 				const value = rest.length ? rest[0] : ret;
+				// `$$.bound[i] = null` as a special dirty flag to prevent unnecessary backflow, consumed in bind()
+				// only set at init phase during `instance()` call, and 1st `$$.update()` call before `ready`
+				if (!$$.ctx) $$.bound[i] = null;
 				if ($$.ctx && not_equal($$.ctx[i], ($$.ctx[i] = value))) {
-					if (!$$.skip_bound && is_function($$.bound[i])) $$.bound[i](value);
+					if (!$$.skip_bound && $$.bound[i]) $$.bound[i](value);
 					if (ready) make_dirty(component, i);
-					else $$.bound[i] = true; // dirty flag consumed in bind()
+					else $$.bound[i] = null;
 				}
 				return ret;
 		  })