Prospect, TAS 7250

Prospect, TAS 7250

Compare Part of Launceston

157.71 km
Distance from CBD
46 k
Population
Median Sale Price
House
$373K
Updated on Apr 2021
2 BR
$346K
3 BR
$347K
4 BR
$442K
Unit
$335K
Updated on Apr 2021
1 BR
-
2 BR
$327K
3 BR
$436K
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
$356,000
+3.1% $180,000 $680,000 28
2021
$485,000
+26.6% $224,000 $770,000 13
Median Sale Price
$420K
Based on 32 recorded sales within the last 12 months
Updated on 14 Jun 2021
Suburb Growth
+19.0%
Current Median Price: $420,000
Previous Median Price: $340,000
Based on 56 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
$380
Updated on May 2021
2 BR
$305
3 BR
$385
4 BR
$480
Unit
$310
Updated on May 2021
1 BR
$250
2 BR
$313
3 BR
$430
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
$360
+2.8% $160 $600 36
2021
$400
+10.0% $220 $550 12
Median Rent Price
$390
per week
Based on 32 recorded rent within the last 12 months
Updated on 14 Jun 2021
Rent Price Growth
+15.4%
Current Median Rent: $390
Previous Median Rent: $330
Based on 68 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.8%
Current Median Price: $420,000
Current Median rent: $390
Based on 64 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

Houses sold in Last 12 months ends 12 Jun 2021

$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