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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 $675,000 and this has changed 17.39% over the past year and changed 23.40% over 2 years.

The median rent in Prospect for houses is $580 per week and the median rental yield is 4.46%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 96 days.The median listing price for units is $425,000 and this has changed NA over the past year. The average unit takes 160 days to sell and the median rent for a unit in Prospect is $450 per week, producing a rental yield of 5.50%.

Supply & Demand in Prospect, Launceston

NA

Current vacancy rate


0

Rental stock available


1,721

Population


29.76%

Rental population


NA

Current vacancy rate


0

Rental stock available


65,275

Population


30.07%

Rental population


NA

Current vacancy rate


0

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 $675,000 NA $425,000
Median price change - last quarter 7.04% NA -3.12%
Median price change - 1 year 17.39% NA NA
Median price change - 2 years 23.40% NA -13.09%
  House Townhouses Units
Median weekly rent $580 NA $450
Median yield % 4.46% NA 5.50%
Median rent change - 1 year 13.72% NA 12.50%
  House Units
Previous month sales NA NA
Stock on market previous month NA NA
Stock variance vs. last year NA NA
Average days on market 96 160

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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