Prospect, TAS 7250

Prospect, TAS 7250

Compare Part of Launceston

157.71 km
Distance from CBD
46 k
Population
Median Sale Price
House
$350K
Updated on Aug 2019
2 BR
$262K
3 BR
$345K
4 BR
$365K
Unit
$238K
Updated on Aug 2019
1 BR
$146K
2 BR
$238K
3 BR
$360K
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
$290,000
-9.7% $93,000 $480,000 31
2013
$287,000
-1.0% $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
$328,000
-5.2% $193,000 $539,000 26
Median Sale Price
$328K
Based on 31 recorded sales within the last 12 months
Updated on 23 Oct 2019
Suburb Growth
-3.0%
Current Median Price: $328,000
Previous Median Price: $338,000
Based on 77 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Sep 2019)
Price Range Segments (12 months ending Sep 2019)
Median Weekly Rent Price
House
$340
Updated on Sep 2019
2 BR
$280
3 BR
$340
4 BR
$400
Unit
$245
Updated on Sep 2019
1 BR
$200
2 BR
$245
3 BR
$400
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
-
- - - -
2012
$475
0.0% $370 $475 2
2013
$320
-48.4% $320 $320 1
2014
$320
0.0% $170 $550 58
2015
$310
-3.2% $185 $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 $480 24
Median Rent Price
$350
per week
Based on 27 recorded rent within the last 12 months
Updated on 23 Oct 2019
Rent Price Growth
+5.7%
Current Median Rent: $350
Previous Median Rent: $330
Based on 61 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.5%
Current Median Price: $328,000
Current Median rent: $350
Based on 58 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Sep 2019)

Auction Results For Prospect

Houses sold in Last 12 months ends 19 Oct 2019

$360K

Median Sale Price

100%

Clearance Rate

11/11

Sold/Reported

$427K

Highest Sale Price

Sold Price Range No. of Sold Properties
$400 K - $600 K 1
less than $400 K
(Median Price Range)
5

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