TAS/
Prospect vale

Suburb Profile

Prospect Vale - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

house
unit

Property investors enjoyed capital gains of 9.69% over the last 12 months in PROSPECT VALE, translating to lower returns compared with its peers in TAS.

A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 1.69% growth over a ten-year period. It ranks 3475th on our list of suburbs that property investors should look into.

PROSPECT VALE, 7250 has a capital gain of 9.69% for the past year, which is higher than average compared to its 9.26% growth within a five-year period.

With the median home price in PROSPECT VALE sitting at $351,000, and the average rent at $360, property owners could potentially earn a 5.33% increase in gross rental yield.

A 9.69% increase in median property prices in PROSPECT VALE, 7250 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 76th.

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

PROSPECT VALE, 7250 in TAS belongs to the local government area of Meander Valley.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $351,000 $256,000
GROWTH REPORT
Median Quarterly 4% -2.29%
Median 12 month 9.69% 10.82%
Median 3 years 13.68% -4.12%
Median 5 years 9.26% 8.7%
10 years average annual 1.69% 2.13%
Weekly media advert. rent $360 $250
Time on Market 53.0 days 81.7 days
Gross Rental Yield Percent 5.33% 5.08%
demographics (median values)
Total Population
4624
Weekly Household Income
850.9
Household Size
2.40
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