Suburb Profile Report for Prospect TAS (7250)

Prospect House: Median price $272,500, Annual capital growth 2.20%, Number of sales 30, Weekly median advertised rent $315

Prospect Unit: Median price $268,500, Annual capital growth 3.98%, Number of sales 20, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2771th in the list of Australian suburbs ordered by increase in median house value over the last year, Prospect, 7250 is in the BOTTOM 40% with a property value increase of 1.30% recorded in median house prices.

Over the longer term, Prospect has seen property prices show investors a 4.81% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Prospect is $272500, with sellers offering an average of -7.78% off the asking price.

Prospect is in the TOP 10% in TAS when comparing median price capital growth over the last year. Prospect gave property investors a very good capital gain figure when compared to the rest of the state, with 36.99%.

Prospect,7250 has offered an average of 36.99% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -2.66% to buyers in Prospect at the moment, which is less than average for the rest of TAS.

Residents and property investors in Prospect have been waiting around 41.31 days to sell a property.

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

Metrics i HOUSE UNIT
$272,500 $268,500
-1.45% 7.40%
1.30% 36.99%
2.20% 3.98%
$315 $250
30 20
6.01% 4.84%
66.96 41.31

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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