Suburb Profile Report for Prospect TAS (7250)

Prospect House: Median price $270,000, Annual capital growth 0.83%, Number of sales 27, Weekly median advertised rent $320

Prospect Unit: Median price $277,000, Annual capital growth 11.86%, Number of sales 21, Weekly median advertised rent $240

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Prospect have tracked lower than the TAS average of 7.09% over the last 12 months.

A 3.85% growth in median value for property investors in Prospect,7250 puts this suburb at number 145th in terms of best performing suburbs in TAS

Property buyers and investors in Prospect 7250 should be seeing an average reduction in asking price of around -7.32% . This means that Prospect is holding prices well when compared to other suburbs in TAS.

With the median price for a house in Prospect being $270000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 6.16%

Over the last year, property investments in Prospect, 7250 have given investors a capital gain of 28.84%. This compares very favourably with the 4.47% for TAS as a whole.

The five-year average increase in median property values for Prospect,7250 has given property investors a potential capital gain of -4.57% across each of those five years.

Prospect, 7250 is offering TAS ‘s 47th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$270,000 $277,000
-0.92% N/A
-7.38% 28.84%
0.83% 11.86%
$320 $240
27 21
6.16% 4.51%
63.22 78.81

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1438
Median household income ($/weekly) 871
Median age of persons 43
Median housing loan repayment ($/monthly) 1100
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 153 10.6
    25-34 years 147 10.2
    35-44 years 196 13.6
    45-54 years 175 12.2
    55-64 years 200 13.9
    Others 567 39.4
    Age Group
    Census Count Percent(%)
    Registered Married 483 44.4
    Not Married 464 42.6
    Defacto Relationship 142 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1221 89.8
    New Zealand 13 1.0
    Papua New Guinea 8 0.6
    United Kingdom 49 3.6
    Other 36 2.6
    Others 32 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 999 74.8
    No Religion 324 24.3
    Buddhism 6 0.4
    Other Religious Groups 4 0.3
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 63 12.0
    $400-$599 93 17.7
    $600-$799 56 10.6
    $800-$999 53 10.1
    $1,500-$1,999 56 10.6
    Others 205 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 462 40.4
    Employed, worked full-time 393 34.4
    Employed, worked part-time 220 19.2
    Unemployed, looking for work 35 3.1
    Employed, away from work 33 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 73 11.4
    Professionals 109 17.0
    Technicians & trades workers 107 16.6
    Community & personal service workers 75 11.7
    Clerical & administrative workers 97 15.1
    Others 182 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 14 5.3
    Infants/Primary 98 37.0
    Secondary 81 30.6
    Technical or Further Educational Institution 40 15.1
    University or other Tertiary Institutions 29 10.9
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1219 91.5
    Semi-detached, row or terrace house, townhouse 106 8.0
    Flat, unit or apartment 7 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 205 35.7
    Being purchased 188 32.8
    Rented 171 29.8
    Other tenure type 10 1.7
    Tenure Type
Census 2011, ABS
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