Prospect Vale, TAS 7250
Compare Part of Meander Valley
156.62 km
Distance from Hobart CBD
46 k
Population
Median Sale Price
House
$389K
Updated on Jan 2020
2 BR $393K | 3 BR $373K | 4 BR $430K |
Unit
$310K
Updated on Jan 2020
1 BR - | 2 BR $270K | 3 BR $385K |
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 | $318,000 | -0.6% | $200,000 | $625,000 | 58 |
| 2015 | $358,000 | +11.2% | $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 | $392,500 | +7.0% | $369,000 | $610,000 | 12 |
Median Sale Price
$376K
Based on 68 recorded sales within the last 12 months
Updated on 26 Feb 2020
Suburb Growth
+4.3%
Current Median Price: $376,000
Previous Median Price: $360,000
Based on 145 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$390
Updated on Jan 2020
2 BR $305 | 3 BR $380 | 4 BR $440 |
Unit
$315
Updated on Jan 2020
1 BR - | 2 BR $290 | 3 BR $450 |
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% | $250 | $450 | 12 |
| 2017 | $380 | +5.3% | $250 | $480 | 22 |
| 2018 | $360 | -5.6% | $220 | $495 | 25 |
| 2019 | $395 | +8.9% | $250 | $480 | 23 |
| 2020 | $430 | +8.1% | $280 | $440 | 4 |
Median Rent Price
$395
per week
Based on 22 recorded rent within the last 12 months
Updated on 26 Feb 2020
Rent Price Growth
+6.3%
Current Median Rent: $395
Previous Median Rent: $370
Based on 49 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.5%
Current Median Price: $376,000
Current Median rent: $395
Based on 90 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For Prospect Vale
Houses sold in Last 12 months ends 22 Feb 2020
$352K
Median Sale Price
100%
Clearance Rate
25/25
Sold/Reported
$430K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $400 K - $600 K | 2 | |
| less than $400 K (Median Price Range) | 16 | |
Similar Suburbs to Prospect Vale 7250
Based on median house sale price sold in last 12 months
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 |