All About Prospect, Launceston, TAS, 7250
Prospect, located in the growing city of Launceston, Tasmania, has become an increasingly appealing suburb for homebuyers and investors alike due to its blend of suburban tranquility and accessibility to urban amenities. The housing market in Prospect has experienced steady growth, fueled by its attractive properties and strategic location. The suburb offers a mix of housing options, including charming older homes and modern developments that cater to a range of preferences and budgets. With Launceston's continued economic and population growth, the demand for housing in Prospect remains robust, consistently drawing interest from both local and interstate buyers seeking a balanced lifestyle.
Living in Prospect offers residents a delightful mix of convenience and community spirit, making it a popular choice for families, retirees, and young professionals. The suburb is well-equipped with essential amenities, including schools, parks, local shops, and healthcare facilities, ensuring a comfortable and convenient lifestyle. Its proximity to Launceston's city center allows for easy access to broader services, cultural venues, and dining options while still providing the quiet ambiance typical of suburban life. The community is known for its friendly and welcoming atmosphere, fostering a sense of belonging among residents. Additionally, the natural beauty of the surrounding landscapes and green spaces further enhances the quality of life, making Prospect a desirable place to call home.
Household Makeup
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Housing Stock
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Prospect Real Estate Market Outlook
Thinking about buying in Prospect? Now could not be a better time, with 1241 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $363,000 with prices in this suburb ranging from $16,000 to $1,710,000. The aproximate distance to the coast is 47 Km.
In Prospect there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Prospect due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Prospect provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Prospect necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Prospect the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationProperties for sale Prospect
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10 Tan Drive, Prospect, QLD, 4715 |  4 |
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Local Schools
St Patrick's College
Prospect High School
Summerdale Primary School
Glen Dhu Primary School
Kings Meadows High School
Youngtown Primary School
John Calvin School
West Launceston Primary School
Tamar Valley Steiner School
(While the above schools are located with the suburb of Prospect there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Prospect weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.8 | 19.7 | 34.0 | 37.2 | 89.0 | 3.1 | 24.3 |
| Feb | 3.1 | 19.7 | 33.4 | 38.8 | 89.1 | 3.1 | 23.3 |
| Mar | 2.0 | 18.4 | 31.8 | 41.5 | 92.4 | 2.7 | 20.3 |
| Apr | 0.8 | 14.1 | 29.0 | 38.8 | 93.2 | 2.4 | 18.6 |
| May | 0.6 | 9.3 | 26.0 | 36.0 | 92.3 | 2.3 | 15.6 |
| Jun | 0.7 | 7.5 | 23.7 | 37.9 | 92.3 | 2.4 | 13.7 |
| Jul | 0.2 | 6.7 | 24.1 | 34.5 | 90.8 | 2.3 | 15.2 |
| Aug | 0.8 | 6.4 | 25.1 | 28.8 | 87.8 | 2.4 | 17.3 |
| Sept | 0.7 | 9.4 | 28.4 | 27.2 | 89.9 | 2.7 | 21 |
| Oct | 1.2 | 12.8 | 30.5 | 29.1 | 90.3 | 3.0 | 25 |
| Nov | 0.4 | 16.1 | 33.7 | 27.6 | 88.7 | 3.0 | 26.7 |
| Dec | 3.4 | 18.6 | 33.3 | 36.1 | 88.0 | 3.1 | 27.2 |
source: Australian Government Bureau of Meteorology
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