Prospect Vale, TAS 7250
Compare Part of Meander Valley
156.62 km
Distance from Hobart CBD
46 k
Population
Median Sale Price
House
$415K
Updated on Apr 2021
2 BR $310K | 3 BR $375K | 4 BR $625K |
Unit
$325K
Updated on Apr 2021
1 BR - | 2 BR $305K | 3 BR $449K |
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 | $750,000 | 81 |
| 2021 | $594,246 | +32.0% | $310,000 | $925,000 | 26 |
Median Sale Price
$448K
Based on 73 recorded sales within the last 12 months
Updated on 22 Jun 2021
Suburb Growth
+13.8%
Current Median Price: $448,000
Previous Median Price: $386,000
Based on 145 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2021)
Price Range Segments (12 months ending May 2021)
Median Weekly Rent Price
House
$425
Updated on May 2021
2 BR $330 | 3 BR $423 | 4 BR $480 |
Unit
$338
Updated on May 2021
1 BR - | 2 BR $325 | 3 BR $500 |
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 | $395 | 0.0% | $275 | $520 | 22 |
| 2021 | $450 | +12.2% | $290 | $625 | 9 |
Median Rent Price
$430
per week
Based on 20 recorded rent within the last 12 months
Updated on 22 Jun 2021
Rent Price Growth
+9.3%
Current Median Rent: $430
Previous Median Rent: $390
Based on 45 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5%
Current Median Price: $448,000
Current Median rent: $430
Based on 93 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2021)
Auction Results For Prospect Vale
Houses sold in Last 12 months ends 19 Jun 2021
$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 |