Prospect, TAS 7250

Prospect, TAS 7250

Compare Part of Launceston

157.71 km
Distance from CBD
46 k
Population
Median Sale Price
House
$343K
Updated on Aug 2020
2 BR
-
3 BR
$340K
4 BR
$401K
Unit
$265K
Updated on Aug 2020
1 BR
-
2 BR
$259K
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$285,000
0.0% $184,000 $535,000 59
2010
$329,000
+13.4% $140,000 $570,000 34
2011
$318,000
-3.5% $210,000 $510,000 36
2012
$295,000
-7.8% $93,000 $480,000 31
2013
$287,000
-2.8% $135,000 $437,000 36
2014
$295,000
+2.7% $62,500 $565,000 36
2015
$295,000
0.0% $176,000 $668,000 35
2016
$273,000
-8.1% $165,000 $592,000 36
2017
$305,000
+10.5% $175,000 $690,000 39
2018
$345,000
+11.6% $160,000 $570,000 42
2019
$345,000
0.0% $193,000 $605,000 30
2020
$340,000
-1.5% $180,000 $680,000 18
Median Sale Price
$342K
Based on 25 recorded sales within the last 12 months
Updated on 30 Sep 2020
Suburb Growth
-1.2%
Current Median Price: $342,000
Previous Median Price: $346,000
Based on 55 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
$330
Updated on Aug 2020
2 BR
$285
3 BR
$330
4 BR
$480
Unit
$300
Updated on Aug 2020
1 BR
$205
2 BR
$300
3 BR
$450
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
-
- - - -
2012
$475
0.0% $370 $475 2
2013
$350
-35.7% $350 $350 1
2014
$320
-9.4% $170 $550 58
2015
$310
-3.2% $190 $550 70
2016
$330
+6.1% $190 $595 62
2017
$320
-3.1% $180 $650 37
2018
$330
+3.0% $260 $590 32
2019
$350
+5.7% $240 $580 35
2020
$320
-9.4% $160 $440 23
Median Rent Price
$330
per week
Based on 34 recorded rent within the last 12 months
Updated on 30 Sep 2020
Rent Price Growth
-6.1%
Current Median Rent: $330
Previous Median Rent: $350
Based on 64 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5%
Current Median Price: $342,000
Current Median rent: $330
Based on 59 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

Houses sold in Last 12 months ends 26 Sep 2020

$335K

Median Sale Price

100%

Clearance Rate

2/2

Sold/Reported

$335K

Highest Sale Price

Sold Price Range No. of Sold Properties
less than $400 K
(Median Price Range)
2

Schools closest to Prospect, TAS 7250

School name Address Type Sector Distance
Summerdale Primary School 82 - 84 STANLEY STREETSummerhill 7250 Primary Government 0.47 km
Prospect High School RALPH STREETProspect 7250 Secondary Government 0.63 km
St Patrick's CollegeTop 20 282 WESTBURY ROADProspect Vale 7250 Secondary Catholic 0.72 km
Glen Dhu Primary School 270 WELLINGTON STREETSouth Launceston 7249 Primary Government 1.77 km