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Investment Property Prospect, TAS, 7250

Suburb Snapshot

Prospect is a suburb in the Launceston Region of Tasmania. Prospect has a population of 1,721 people and 29.76% of its occupants live in rental accommodation. The median listing price for houses is $567,500 and this has changed 3.36% over the past year and changed -5.26% over 2 years.

The median rent in Prospect for houses is $485 per week and the median rental yield is 4.44%. Stock on the market for houses/townhouses has changed -25.00% compared to last year and the average time to sell a house/townhouse is 53 days.The median listing price for units is $452,500 and this has changed -8.03% over the past year. The average unit takes 73 days to sell and the median rent for a unit in Prospect is $390 per week, producing a rental yield of 4.48%.

Supply & Demand in Prospect, Launceston

0.77%

Current vacancy rate


7

Rental stock available


1,721

Population


29.76%

Rental population


0.70%

Current vacancy rate


226

Rental stock available


65,275

Population


30.07%

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, Launceston

  House Townhouses Units
Median listing price $567,500 NA $452,500
Median price change - last quarter 3.21% NA -4.91%
Median price change - 1 year 3.36% NA -8.03%
Median price change - 2 years -5.26% NA -8.96%
  House Townhouses Units
Median weekly rent $485 NA $390
Median yield % 4.44% NA 4.48%
Median rent change - 1 year 1.04% NA 2.63%
  House Units
Previous month sales 1 0
Stock on market previous month 9 2
Stock variance vs. last year -25.00% -66.67%
Average days on market 53 73

Prospect investment property listings

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

2/28 Lila Dr, Prospect

$475,000

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Easy Living In Prospect

With only two units on the block, this neatly presented property provides a practical layout, low-maintenance living and an easy lifestyle in one of Prospect's most convenient locations. The home has a warm and comfortable feel throughout, with an open-plan kitchen, living and dining area forming ...

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House

TAS 7250


252 Westbury Rd, Prospect

$749,000

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Stylish Family Living with Space, Light and Exceptional Outdoor

Designed for modern family life, this beautifully updated three-bedroom home combines bright, contemporary interiors with generous outdoor living and a highly convenient location close to schools and shops. From the moment you arrive, the home presents with strong street appeal, clean lines and a ...

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House

TAS 7250


9/269 Westbury Rd, Prospect

$389,000

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Low-Maintenance Living in a Prime Prospect Location

Tucked away in a convenient Prospect location, 9/269 Westbury Road offers low-maintenance living in a well-positioned unit. Featuring two bedrooms and one bathroom, this property is a great option for first home buyers, downsizers, or investors seeking a solid addition to their portfolio. With its ...

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Unit

TAS 7250


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