Prospect Vale TAS 7250

Here you can find what you need to know about Prospect Vale, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$385k Median Sale Price (National Average $485k) 89th In TAS
8.30% Median Price Change (1 yr) (National Average 4.30%) 83rd In TAS
$390pw Median Rent (National Average $395) 52nd In TAS
5.3% Median Gross Yield (National Average 4.24%) 64th In TAS
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Properties sold 74
Average discounting -5.02%
Average Days on Market 48
Stock on Market 9 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Prospect Vale, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Prospect Vale, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Prospect Vale, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Prospect Vale


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State Auction Clearance Rates - April 2020

Auctions Clearance rate
TAS 5 20%
ACT 79 44%
NSW 1090 44%
NT 4 75%
QLD 153 24%
SA 60 32%
VIC 611 54%
WA 24 13%

Local Schools


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Suburb Information

Prospect Vale, TAS 7250

Part of: Meander Valley Council No data available

The size of Prospect Vale is approximately 10 square kilometres. It has 10 parks covering nearly 6.1% of total area. The population of Prospect Vale in 2011 was 5,020 people. By 2016 the population was 5,067 showing a population growth of 0.9% in the area during that time. The predominant age group in Prospect Vale is 50-59 years. Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a clerical occupation. In 2011, 72.9% of the homes in Prospect Vale were owner-occupied compared with 70.9% in 2016. (source: Australian Bureau of Statistics)

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Demographic data provided
by Australian Bureau of Statistics


Market Trends for Prospect Vale   for Houses in last 12 months


There have been 74 Houses sold in Prospect Vale in the past 12 months with a median sale price of $411K, up 10.9% annually. It takes on average 33 days to sell with vendor discounting of -0.06%.

Streets in Prospect Vale


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Punchbowl NSW, 2196 -5.48% $827,500 $550pw 3.5% View Suburb Profile
Boronia Heights QLD, 4124 -1.43% $345,000 $360pw 5.4% View Suburb Profile
Prospect TAS, 7250 6.13% $355,000 $330pw 4.8% View Suburb Profile
Pullenvale QLD, 4069 -6.78% $1,100,000 $890pw 4.2% View Suburb Profile