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Investment Property Prospect Vale, TAS, 7250

Suburb Snapshot

Prospect Vale is a suburb in the Meander Valley Region of Tasmania. Prospect Vale has a population of 5,067 people and 22.70% of its occupants live in rental accommodation. The median listing price for houses is $659,000 and this has changed 4.76% over the past year and changed 1.54% over 2 years.

The median rent in Prospect Vale for houses is $500 per week and the median rental yield is 3.94%. Stock on the market for houses/townhouses has changed 3.45% compared to last year and the average time to sell a house/townhouse is 100 days.The median listing price for units is $469,000 and this has changed -0.11% over the past year. The average unit takes 75 days to sell and the median rent for a unit in Prospect Vale is $420 per week, producing a rental yield of 4.65%.

Supply & Demand in Prospect Vale, Meander Valley

0.33%

Current vacancy rate


9

Rental stock available


5,067

Population


22.70%

Rental population


0.32%

Current vacancy rate


32

Rental stock available


19,279

Population


19.02%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Prospect Vale, Meander Valley

  House Townhouses Units
Median listing price $659,000 NA $469,000
Median price change - last quarter 3.84% NA -3.31%
Median price change - 1 year 4.76% NA -0.11%
Median price change - 2 years 1.54% NA -3.30%
  House Townhouses Units
Median weekly rent $500 NA $420
Median yield % 3.94% NA 4.65%
Median rent change - 1 year 11.11% NA 7.69%
  House Units
Previous month sales 6 1
Stock on market previous month 30 4
Stock variance vs. last year 3.45% -42.86%
Average days on market 100 75

Prospect Vale investment property listings

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