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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 5 of 51 investment properties found in Prospect Vale on realestateinvestar.com.au

4 Eversham Cl, Prospect Vale

$899,000

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Over 30 Squares of Quality Craftsmanship

This is not your average build, this is an an exceptional home built to an exceptional standard with no corners cut and no detail overlooked. Spanning over 30 squares, the home offers four generous bedrooms, a dedicated study, and three beautifully appointed bathrooms-delivering the space and ...

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TAS 7250


5 Heritage Pl, Prospect Vale

$889,000

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The Ultimate Surprise Package

Tucked away at the end of a quiet cul-de-sac in one of Prospect Vale's most desirable pockets, this stunning family home delivers the perfect combination of space, style and lifestyle for the modern family. Thoughtfully designed for effortless living, the home showcases an expansive floorplan with ...

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TAS 7250


12 Chris St, Prospect Vale

$629,000

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Potential Plus!

Offered to the market for the first time since the 1980s, this solid 1960s brick home is packed with possibility and ready for its exciting next chapter. Set on a generous block of just over 1000m², it presents an exceptional opportunity for first-home buyers, renovators, investors or growing ...

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TAS 7250


7 Whymper Ct, Prospect Vale

$999,000

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Elegant Family Retreat With Parking Space for All the Toys

In a commanding position at the end of a tranquil cul-de-sac, this grand near-new residence epitomises sophisticated living. Set on an impressive 1,201m2, this property offers a harmonious blend of contemporary architecture and luxurious finishes, with sweeping views across the treetops. Step ...

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TAS 7250


24 Casino Rise, Prospect Vale

$775,000

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Well-Kept Family Home with Excellent Outdoor Entertaining

Set on a generous 1,357m² block, this well-kept 1990s home offers space, comfort, and practicality in a convenient location. Featuring three bedrooms, the spacious master suite includes a large walk-in robe and private ensuite, while bedrooms two and three both offer built-in robes and are ...

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TAS 7250


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