Real Estate Prospect Vale, TAS, 7250 Meander Valley

Thinking about buying in Prospect Vale? Now could not be a better time, with a whopping 3122 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $446,000 with prices in this suburb ranging from $174,000 to $805,000.

Distance to the coast is 48 Km.

Instant Valuation

Prospect Vale Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Prospect Vale are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Prospect Vale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Prospect Vale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.


Household makeup

Median Weekly Rent $319.25
Median Monthly Mortgage $1377.50
Median Persons Per Bedroom 0.71
Average Household Size 2.25
Average Age 44.00
Average Income $878.00
Average Cars Per Dwelling 2.51
Average Properties Within 50M 10.00

Typical Property Prices

2 Bed$448,750
3 Bed$693,226
4 Bed$676,364
5 Bed$654,250

Housing Stock

Houses for sale Prospect Vale

Elders Real Estate 76 CHRIS ST, PROSPECT VALE, TAS, 7250 3 2 3 Offers Over $599,000
Elders Real Estate UNIT 4, 11 MOLECOMBE DR, PROSPECT VALE, TAS, 7250 7 4 6 $799,000
Harcourts 57 CHRIS ST, PROSPECT VALE, TAS, 7250 3 1 1 Offers Over $599,000
Harcourts 7 VIRGINIA GR, PROSPECT VALE, TAS, 7250 4 2 2 Best Offer Over $639,000
Harcourts 100 CHRIS ST, PROSPECT VALE, TAS, 7250 3 1 3 Best Offer Over $499,000
Harcourts 50 LAS VEGAS DR, PROSPECT VALE, TAS, 7250 3 1 2 Best Offer Over $579,000
Harcourts 44 BRADFORD AV, PROSPECT VALE, TAS, 7250 4 2 2 Best Offer Over $879,000
Harcourts 7 MONTE CARLO CT, PROSPECT VALE, TAS, 7250 4 2 1 $630,000 - $680,000
theagency 8 WENLOCK WAY, PROSPECT VALE, TAS, 7250 $480 per week
theagency 36 PITCHER PDE, PROSPECT VALE, TAS, 7250 $485 per week
theagency 19 PITCHER PDE, PROSPECT VALE, TAS, 7250 Offers Over $699,000

Local Schools

St Patrick's College

(While the above schools are located with the suburb of Prospect Vale there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

Prospect Vale weather - Average Local Climate by month

Min (°C)
Max (°C)
Min (%)
Max (%)
(MJ/sq m)

source: Australian Government Bureau of Meteorology

Internet Speed

Fibre to the Basement (vectored or non-vectored)

Fibre to the Node

Fibre to the Premises

Fixed Wireless


Nearby Suburbs

SummerhillTravellers RestProspectBlackstone HeightsWest LauncestonSouth LauncestonKings MeadowsTrevallynYoungtownHadspen

Public Transport

East Tamar - Less than 10 KM Western Junction - Greater then 10KM Penny Royal - Less than 5 KM Windmill - Less than 5 KM Tamar River Cruises - Less than 10 KM Cataract Cruises - Less than 10 KM

General Points of Interest

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