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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 $495,000 and this has changed 27.24% over the past year and changed 34.14% over 2 years.

The median rent in Prospect Vale for houses is $400 per week and the median rental yield is 4.20%. Stock on the market for houses/townhouses has changed -32.00% compared to last year and the average time to sell a house/townhouse is 72 days.The median listing price for units is $329,000 and this has changed -0.31% over the past year. The average unit takes 118 days to sell and the median rent for a unit in Prospect Vale is $340 per week, producing a rental yield of 5.37%.

Supply & Demand in Prospect Vale, Meander Valley

0.20%

Current vacancy rate


5

Rental stock available


5,067

Population


22.70%

Rental population


0.25%

Current vacancy rate


24

Rental stock available


19,279

Population


19.02%

Rental population


0.44%

Current vacancy rate


1,177

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 $495,000 NA $329,000
Median price change - last quarter 7.67% NA -4.56%
Median price change - 1 year 27.24% NA -0.31%
Median price change - 2 years 34.14% NA -1.65%
  House Townhouses Units
Median weekly rent $400 NA $340
Median yield % 4.20% NA 5.37%
Median rent change - 1 year 1.26% NA 0.00%
  House Units
Previous month sales 9 1
Stock on market previous month 17 2
Stock variance vs. last year -32.00% -60.00%
Average days on market 72 118

Prospect Vale investment property listings

Showing 3 of 3 investment properties found in Prospect Vale on realestateinvestar.com.au

1/11 Sturgis Pl, Prospect Vale

$489,000

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Brand New!

Be the first to live in this brand new, impeccable unit and perhaps even take advantage of the First Home Owner Grant. Located in the premium sought after area of Prospect Vale, this spacious two bedroom unit has been designed and built with quality in mind. Main features include: * A spacious, ...

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TAS 7250


105 Mount Leslie Rd, Prospect Vale

$485,000

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Family friendly living

Situated in a sought after location, this property offers the perfect blend of size, convenience & low maintenance living. The family friendly floor plan comprises of spacious open plan living area, 3 bedrooms, the master with ensuite, built ins in all bedrooms, main bathroom with shower, bath, ...

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TAS 7250


14 Gordon Pl, Prospect Vale

$899,000

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Designer. Lifestyle. Location.

A considered design featuring an emphasis on the sun-drenched location here in this peaceful cul-de-sac in Prospect Vale. Planned in conjunction with award winning local Michael Bernacki of Honed Architecture, to be completed by quality builders Melcol Constructions, this is sure to be an enviable ...

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House

TAS 7250


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