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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 $562,000 and this has changed -6.18% over the past year and changed 13.53% over 2 years.

The median rent in Prospect for houses is $480 per week and the median rental yield is 4.44%. Stock on the market for houses/townhouses has changed -21.43% compared to last year and the average time to sell a house/townhouse is 70 days.The median listing price for units is $484,000 and this has changed NA over the past year. The average unit takes 62 days to sell and the median rent for a unit in Prospect is $370 per week, producing a rental yield of 3.97%.

Supply & Demand in Prospect, Launceston

0.55%

Current vacancy rate


5

Rental stock available


1,721

Population


29.76%

Rental population


0.98%

Current vacancy rate


313

Rental stock available


65,275

Population


30.07%

Rental population


0.71%

Current vacancy rate


1,941

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 $562,000 NA $484,000
Median price change - last quarter -2.27% NA -2.23%
Median price change - 1 year -6.18% NA NA
Median price change - 2 years 13.53% NA NA
  House Townhouses Units
Median weekly rent $480 NA $370
Median yield % 4.44% NA 3.97%
Median rent change - 1 year 4.34% NA 2.77%
  House Units
Previous month sales 0 0
Stock on market previous month 11 4
Stock variance vs. last year -21.43% 100.00%
Average days on market 70 62

Prospect investment property listings

Showing 5 of 14 investment properties found in Prospect on realestateinvestar.com.au

267 Westbury Rd, Prospect

$465,000

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A Perfect Choice for First-Time Buyers and Savvy Investors

Step inside this charming abode, an ideal haven for first-time buyers and shrewd investors alike. This delightful residence boasts a trio of generously proportioned bedrooms, each providing a comfortable retreat for rest and relaxation. Traditional charm meets modern living with the bathroom's ...

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House

TAS 7250


21 Lila Dr, Prospect

$750,000

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Location, Lifestyle, Convenience

Quietly situated in this highly sought-after area of Prospect, sits this well maintained, spacious home with beautiful mountain views. This property offers convenient low-maintenance living, allowing you to enjoy a lifestyle of comfort, space and privacy. As you step inside, you'll immediately ...

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House

TAS 7250


3 Saunders Pl, Prospect

$745,000

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Views, Position and Space

- The perfect family home with space for everyone inside and out - Gorgeous views overlooking Launceston from deck, living & primary bedroom - Positioned in a cul-de-sac, one of only two residences - Privacy and security from the street with a high fence - Informal and formal dining and living ...

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House

TAS 7250


281 Westbury Rd, Prospect

$415,000

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Discover Versatility in the Ideal Location

Welcome to this endearing home nestled on a spacious 1,105sqm block in Prospect. With a focus on privacy, the property boasts an internal block layout, ensuring tranquility within. This residence features two bedrooms and two bathrooms, along with two convenient carports. Additionally, an open ...

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TAS 7250


31 Morris St, Prospect

$539,000

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Comfortable Family Living: Great Location

Welcome to this new low-maintenance haven in a delightful family-friendly neighbourhood! This charming brick home boasts three bedrooms, including a master with ensuite, perfect for a growing family. Enjoy the open-plan kitchen and dining area flooded with natural light, complemented by the raked ...

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TAS 7250


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