Prospect Vale

Property investors enjoyed capital gains of 50.6% 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 7.22% growth over a ten-year period. It ranks 1332nd on our list of suburbs that property investors should look into.

PROSPECT VALE, 7250 has a capital gain of 50.6% for the past year, which is higher than average compared to its 87.27% growth within a five-year period.

With the median home price in PROSPECT VALE sitting at $625,000, and the average rent at $460, property owners could potentially earn a 3.83% increase in gross rental yield.

A 50.6% 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 7th.

Figures from the previous quarter show that capital gains for real estate buyers in PROSPECT VALE are low, 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 (M).