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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

Showing 4 of 4 investment properties found in Prospect Vale on realestateinvestar.com.au

11/13 Mount Leslie Rd, Prospect Vale

$365,000

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The Perfect First Home or Investment

Located in the highly sought-after Prospect Vale area, this property is within easy walking distance of the Old Tudor shopping precinct and Prospect Vale Marketplace, as well as multiple public and private schools. It presents an excellent opportunity to secure a place to call home or investment ...

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House

TAS 7250


12/297 Westbury Rd, Prospect Vale

$760,000

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A stunning villa in a tightly held development.

The quality Finn Villa's development has been incredibly tightly held since being completed in 2021. Only two of the villas have been sold in the last two years and only one of these has made it to the open market. On entering the villa, it is evident that quality was front of mind throughout the ...

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Townhouse

TAS 7250


7 Burrows St, Prospect Vale

$575,000

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Newly Renovated & Move-In Ready

Newly renovated and ready to move straight in, this three bedroom, one bathroom home at 7 Burrows Street, Prospect Vale combines modern comfort with effortless living in a quiet pocket of the suburb. The current owners have loved living here and have put a lot of care into the renovation, making ...

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House

TAS 7250


1/64 Las Vegas Dr, Prospect Vale

$465,000

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Where Sunsets, Simplicity and Silence Meet!

Tucked away in a quiet and safe pocket of ever popular Prospect Vale, this solid, stand alone unit delivers an easy, low maintenance lifestyle without compromising on comfort or convenience. Ideal for first home buyers, downsizers or savvy investors, it's the kind of property that simply feels ...

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Unit

TAS 7250


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