Prospect Vale, TAS 7250
Compare Part of Meander Valley
156.62 km
Distance from Hobart CBD
46 k
Population
Median Sale Price
House
$403K
Updated on Aug 2020
2 BR $392K | 3 BR $385K | 4 BR $504K |
Unit
$320K
Updated on Aug 2020
1 BR - | 2 BR $310K | 3 BR $397K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $345,000 | 0.0% | $225,000 | $670,000 | 27 |
| 2010 | $320,000 | -7.8% | $210,000 | $625,000 | 33 |
| 2011 | $350,000 | +8.6% | $175,000 | $3,550,000 | 60 |
| 2012 | $350,000 | 0.0% | $225,000 | $750,000 | 51 |
| 2013 | $320,000 | -9.4% | $177,000 | $635,000 | 101 |
| 2014 | $320,000 | 0.0% | $200,000 | $625,000 | 58 |
| 2015 | $358,000 | +10.6% | $11,500 | $1,100,000 | 48 |
| 2016 | $337,000 | -6.2% | $210,000 | $612,500 | 57 |
| 2017 | $345,000 | +2.3% | $186,000 | $605,000 | 70 |
| 2018 | $360,000 | +4.2% | $153,000 | $615,000 | 84 |
| 2019 | $365,000 | +1.4% | $160,000 | $625,000 | 66 |
| 2020 | $404,000 | +9.7% | $260,000 | $730,000 | 56 |
Median Sale Price
$401K
Based on 71 recorded sales within the last 12 months
Updated on 26 Sep 2020
Suburb Growth
+10.2%
Current Median Price: $401,000
Previous Median Price: $360,000
Based on 139 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$395
Updated on Aug 2020
2 BR $293 | 3 BR $385 | 4 BR $465 |
Unit
$360
Updated on Aug 2020
1 BR - | 2 BR $345 | 3 BR $440 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | $250 | 0.0% | $250 | $250 | 1 |
| 2013 | - | - | - | - | - |
| 2014 | $360 | +30.6% | $260 | $380 | 4 |
| 2015 | $350 | -2.9% | $220 | $500 | 20 |
| 2016 | $360 | +2.8% | $270 | $450 | 12 |
| 2017 | $380 | +5.3% | $250 | $480 | 22 |
| 2018 | $360 | -5.6% | $220 | $500 | 25 |
| 2019 | $395 | +8.9% | $250 | $480 | 23 |
| 2020 | $400 | +1.3% | $275 | $480 | 16 |
Median Rent Price
$400
per week
Based on 20 recorded rent within the last 12 months
Updated on 26 Sep 2020
Rent Price Growth
0.0%
Current Median Rent: $400
Previous Median Rent: $400
Based on 42 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.2%
Current Median Price: $401,000
Current Median rent: $400
Based on 91 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Prospect Vale
Houses sold in Last 12 months ends 19 Sep 2020
$386K
Median Sale Price
100%
Clearance Rate
2/2
Sold/Reported
$386K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| less than $400 K (Median Price Range) | 1 | |
Schools closest to Prospect Vale, TAS 7250
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Prospect High School | RALPH STREETProspect 7250 | Secondary | Government | 0.77 km |
| St Patrick's CollegeTop 20 | 282 WESTBURY ROADProspect Vale 7250 | Secondary | Catholic | 1.12 km |
| Summerdale Primary School | 82 - 84 STANLEY STREETSummerhill 7250 | Primary | Government | 1.44 km |