Prospect Vale, TAS 7250
Compare Part of Meander Valley
156.62 km
Distance from Hobart CBD
46 k
Population
Median Sale Price
House
$653K
Updated on May 2022
2 BR $555K | 3 BR $618K | 4 BR $763K |
Unit
$416K
Updated on May 2022
1 BR - | 2 BR $384K | 3 BR $568K |
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 | 102 |
| 2014 | $320,000 | 0.0% | $200,000 | $625,000 | 58 |
| 2015 | $359,000 | +10.9% | $11,500 | $1,100,000 | 50 |
| 2016 | $349,000 | -2.9% | $210,000 | $612,500 | 60 |
| 2017 | $340,000 | -2.6% | $186,000 | $605,000 | 73 |
| 2018 | $360,000 | +5.6% | $153,000 | $615,000 | 88 |
| 2019 | $365,000 | +1.4% | $160,000 | $625,000 | 69 |
| 2020 | $415,000 | +12.0% | $260,000 | $750,000 | 87 |
| 2021 | $605,000 | +31.4% | $310,000 | $925,000 | 65 |
| 2022 | $660,000 | +8.3% | $425,000 | $925,000 | 33 |
Median Sale Price
$650K
Based on 63 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+27.7%
Current Median Price: $650,000
Previous Median Price: $470,000
Based on 147 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$470
Updated on May 2022
2 BR $400 | 3 BR $490 | 4 BR $520 |
Unit
$390
Updated on May 2022
1 BR $320 | 2 BR $393 | 3 BR $550 |
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 | $550 | 25 |
| 2019 | $400 | +10.0% | $250 | $480 | 23 |
| 2020 | $395 | -1.3% | $275 | $520 | 22 |
| 2021 | $460 | +14.1% | $290 | $625 | 23 |
| 2022 | $490 | +6.1% | $390 | $590 | 14 |
Median Rent Price
$480
per week
Based on 27 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+10.4%
Current Median Rent: $480
Previous Median Rent: $430
Based on 47 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $650,000
Current Median rent: $480
Based on 90 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
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 |