Prospect TAS 7250

Here you can find what you need to know about Prospect, 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

$345k Median Sale Price (National Average $485k) 101st In TAS
6.15% Median Price Change (1 yr) (National Average 4.30%) 102nd In TAS
$330pw Median Rent (National Average $395) 77th In TAS
5.0% Median Gross Yield (National Average 4.24%) 85th In TAS
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Properties sold 27
Average discounting -5.42%
Average Days on Market 45
Stock on Market 5 for sale

Investment Strategy Scores

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

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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, 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, 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, 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.

Property Prices in Prospect


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State Auction Clearance Rates - September 2019

Auctions Clearance rate
TAS 3 67%
ACT 47 77%
NSW 566 71%
NT 5 60%
QLD 195 39%
SA 65 55%
VIC 758 74%
WA 11 45%

Local Schools


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Suburb Information

Prospect, TAS 7250

Part of: Launceston Council No data available

The size of Prospect is approximately 6.6 square kilometres. The population of Prospect in 2011 was 1,438 people. By 2016 the population was 1,710 showing a population growth of 18.9% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 66.7% of the homes in Prospect were owner-occupied compared with 63.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Prospect

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Prospect   for Houses in last 12 months


There have been 27 Houses sold in Prospect in the past 12 months with a median sale price of $345K, up 6.15% annually. It takes on average 45 days to sell with vendor discounting of -5.42%.

Streets in Prospect


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West Launceston TAS, 7250 9.42% $390,087 $365pw 4.9% View Suburb Profile
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Summerhill TAS, 7250 5.88% $315,000 $330pw 5.5% View Suburb Profile
Howlong NSW, 2643 -2% $270,000 $295pw 5.7% View Suburb Profile