Suburb Profile Report for Prospect TAS (7250)

Prospect House: Median price $263,000, Annual capital growth 2.26%, Number of sales 30, Weekly median advertised rent $300

Prospect Unit: Median price $240,000, Annual capital growth 4.49%, Number of sales 14, Weekly median advertised rent $259

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Prospect has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.36%

Prospect,7250 was ranked 3927 in Australia by increase in median property value over the quarter.

The most recent median price for Prospect is $263000, with sellers offering an average of -7.73% off the asking price.

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

Giving property investors a a poor capital gain of -5.88% for the last year, Prospect, 7250 is the 1444th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prospect has fallen somewhat when compared to the 5 year average annual rate.

Property investors looking for a bargain in Prospect should be aiming for at least -2.65% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $259 weekly from the median priced house in this suburb.

HOUSE UNIT
$263,000 $240,000
-9.78% 20.00%
-4.36% -5.88%
2.26% 4.49%
$300 $259
30 14
5.93% 5.61%
73.45 43.85

Source: CoreLogic

DSR Score for property investment : Above average (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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