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Prospect Vale
AREA REPORTS

Prospect Vale

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

house
unit

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).

Data report can be found below

Prospect Vale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $625,000 $375,000
GROWTH REPORT
Median Quarterly 3.65% 10.29%
Median 12 month 50.6% 14.5%
Median 3 years 73.61% 16.46%
Median 5 years 87.27% 44.79%
10 years average annual 7.22% 5.1%
Weekly media advert. rent $460 $355
Time on Market 19.6 days 21.1 days
Gross Rental Yield Percent 3.83% 4.92%
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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