Prospect, 7250 ranked 140th in TAS when comparing growth in median property values or capital gain over the last 12 months. Prospect is one of 606 in our list for TAS
Comparing Prospect,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Prospect is giving property investors an average Vendor Discount of around -8.11%. This puts suburb at number 35th in TAS when ranking the most discounted suburbs.
In the last year 31 properties changed hands in Prospect, which puts it as the 86th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
With a capital gain of -16.07% for the last 12 months, Prospect, 7250 has performed for property investments than its average annual 4.98% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prospect has increased when compared to the 5 year average annual rate.
Property buyers and investors in Prospect 7250 should be seeing an average reduction in asking price of around -2.94% . This means that Prospect is holding prices well when compared to other suburbs in TAS.
Residents and property investors in Prospect have been waiting around 51.54 days to sell a property.
Situated 157.85km from the CBD, Prospect is one of Launceston localities in the postcode 7250.