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AREA REPORTS

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Prospect - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7250

house
unit

Based on its average 5-year and quarterly capital gains PROSPECT, 7250 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PROSPECT, 7250 obtained a 2.84% growth over a ten-year period. It ranks 2836th on our list of suburbs that property investors should look into.

PROSPECT, 7250 in TAS belongs to the local government area of Meander Valley (M).

PROSPECT, 7250 has a capital gain of 5.4% for the past year, which is lower than average compared to its 28.68% growth within a five-year period.

With the median home price in PROSPECT sitting at $415,000, and the average rent at $380, property owners could potentially earn a 4.76% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PROSPECT are low, as opposed to average gains per annum over the past five years.

Data report can be found below

Prospect
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $415,000 $321,000
GROWTH REPORT
Median Quarterly 0% -2.73%
Median 12 month 5.4% 0.94%
Median 3 years 17.73% 33.75%
Median 5 years 28.68% 39.57%
10 years average annual 2.84% 3.31%
Weekly media advert. rent $380 $315
Time on Market 32.6 days 56.1 days
Gross Rental Yield Percent 4.76% 5.1%
demographics (median values)*
Total Population
48050
Weekly Household Income
1142
Household Size
2.30
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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