Suburb Profile Report for Prospect TAS (7250)

Prospect House: Median price $275,000, Annual capital growth 2.11%, Number of sales 34, Weekly median advertised rent $300

Prospect Unit: Median price $240,000, Annual capital growth 4.19%, Number of sales 17, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Prospect, 7250 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.77%

The five-year average increase in median property values for Prospect,7250 has given property investors a potential capital gain of -2.48% across each of those five years.

Prospect7250 is located in TAS which offers an average discount of -7.06% to property investors. Prospect itself is showing figures that indicate -7.84% is the average achievable by property buyers investing in the suburb.

In the last year 34 properties changed hands in Prospect, which puts it as the 80th most active market in TAS when comparing the number of sales per suburb.

Prospect is 56th on a list of best yielding suburbs for rents in TAS with a 5.67% return

Giving property investors a an average capital gain of 1.27% for the last year, Prospect, 7250 is the 976th highest performer in Australia in this respect.

The five-year average increase in median property values for Prospect,7250 has given property investors a potential capital gain of 4.35% across each of those five years.

At number 40th of TAS’s most discounted properties, Prospect is in the TOP 20% of the state/territory when listing in order of most discounted to least.

The TAS suburb of Prospect, 7250 is in the Launceston local government area.

HOUSE UNIT
$275,000 $240,000
2.80% -7.69%
3.77% 1.27%
2.11% 4.19%
$300 $250
34 17
5.67% 5.42%
74.7 34

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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