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Aerial view of Prospect (Tas.), TAS

Aerial view

Imagery © Esri

The quick read on

Prospect

TAS 7250 · Launceston

What homes cost, how rents have moved, and a feel for the people who call it home.

Median house
$672,000

latest suburb median

Median unit
$502,000

latest suburb median

Population
1,908

ABS 2021

Postcode
7250

Prospect, Tasmania

Property market insights for Prospect (Tas.)

Median sale price and rental income of properties in Prospect (Tas.) TAS

Median price trend for houses

Based on 24 sales in the preceding 12 months

$672,000

Up 11.9% over 12 months

$800k$600k$400k20212023202420252026
2 bed
$555k
3 bed
$651k
4 bed
$758k
5+ bed
$888k

Median rent trend for houses

Based on 36 rental listings in the preceding 12 months

$575 per week

Up 15.0% over 12 months

$600$550$500$45020212023202420252026

Market data updated October 2026.

The median house price in Prospect (Tas.), TAS is currently $672,000, based on the latest 12 months of sales. Prospect (Tas.) has a 12-month growth rate of 11.9% for houses and -7.9% for units.

Two-bedroom houses have a median sale price of $555,000, Three-bedroom houses have a median sale price of $651,000, Four-bedroom houses have a median sale price of $758,000, Larger houses have a median sale price of $888,000 in Prospect (Tas.).

If you're looking to lease, the median rent for houses in Prospect (Tas.) is $575 per week. The median house rent has increased 15.0% over the last 12 months.

The median price of apartments and units for sale in Prospect (Tas.) is $502,000, which has decreased 7.9% since the same time last year. Two-bedroom apartments and units have a median sale price of $486,000 in Prospect (Tas.). The median rent for units and apartments in Prospect (Tas.) is $475 per week and has increased 8.4% over the last 12 months.

Crime and safety

Is Prospect safe?

The overall rate for Prospect is 8,104 offences per 100,000 residents — 32% below the Rest of Tas. benchmark.

That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Prospect.

Overall crime rate

8,104

offences per 100,000 residents

32% belowRest of Tas.

ProspectRest of Tas.: 11,845

Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.

The people behind the postcode

Who lives in Prospect?

Prospect TAS 7250 is in Tasmania, within Rest of Tas..

1,908 people call Prospect home, with an average of 2.2 people per household and a median household income of $1,233 a week.

Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.

Population
1,908
Median age
43 years
Median mortgage
$1,300 / month
2021 household rent
$290 / week
Above the benchmarkBelow the benchmarkIn lineRest of Tas. benchmark

Age profile

Share of residents in each age band.

Under 1515.1%Below
15–3426.0%Above
35–5424.3%Above
55–7424.8%Below
75 and over10.1%Above

Homes

Share of occupied private dwellings.

Separate houses71.9%Below
Townhouses4.7%Below
Apartments23.2%Above

Ownership

Share of homes with a stated ownership or rental status.

Owned outright34.3%Below
Paying a mortgage34.5%Above
Renting31.2%Above

Cars at home

Vehicles available to occupied households.

No car7.3%Above
One car42.0%Above
Two cars36.0%In line
Three or more15.9%Below

Getting to work

Selected ways residents worked or travelled on Census day.

Worked from home7.4%In line
Drove to work69.9%Above
Train, tram or bus1.2%In line
Walked or cycled1.5%Below

What stands out in Prospect

7.4% of workers in Prospect worked from home on Census day.

2.0% of Prospect residents were born in England.

42.6% of people in Prospect described themselves as having no religion in the 2021 Census.

A closer look at the Census

Questions people ask about Prospect

Open any question for a plain-English reading of the public 2021 Census for Prospect TAS 7250.

Is Prospect family-friendly?Age, family structure and household size describe the community families would be joining.

15.1% of Prospect's residents were children under 15 in the 2021 Census. That is close to the Rest of Tas. average.

509 family households lived in Prospect; 35.6% were couple families and 19.3% were one-parent families.

33.2% of local families included children under 15. That is almost exactly typical for Rest of Tas..

These are suburb-wide household figures, not school or childcare ratings.

What is the age profile of Prospect?The balance between younger adults, families and older residents changes how a suburb feels day to day.

Prospect had 1,908 residents at the 2021 Census.

25.7% of residents were aged 25 to 44.

34.9% were 55 or older. That is close to the Rest of Tas. average.

Age shares use the suburb’s total Census population.

What kind of homes are in Prospect?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.

Separate houses made up 71.9% of occupied private dwellings in Prospect.

Townhouses and other attached homes represented 4.7% of occupied private dwellings.

Flats and apartments accounted for 23.2% of occupied private dwellings.

All three shares use occupied private dwellings as the denominator.

Do people own or rent in Prospect?Tenure shows how many households own outright, have a mortgage or rent.

34.3% of households with a stated tenure owned their home outright. That is well below the Rest of Tas. average.

34.5% were buying their home with a mortgage.

31.2% rented their home. That is somewhat above the Rest of Tas. average.

Tenure shares include households that stated one of these three arrangements.

How large are households in Prospect?Household-size data shows the mix behind the suburb-wide average.

The average household in Prospect had 2.2 people.

One-person households made up 36.0% of occupied homes. That is somewhat above the Rest of Tas. average.

Two-person households represented 35.3%, while 18.0% had four or more usual residents.

Household size counts usual residents in occupied homes.

How do people get to work in Prospect?Census-day travel shows the balance between home, road, public transport and active travel.

7.4% of workers worked from home on Census day. That is almost exactly typical for Rest of Tas..

69.9% drove a car as their only travel method. That is close to the Rest of Tas. average.

1.2% used only a train, tram or bus, while 1.5% walked or cycled.

Travel figures are a 2021 Census-day snapshot.

How many cars do households have in Prospect?Vehicle availability helps describe the routines local households can support.

7.3% of occupied households had no motor vehicle available. That is close to the Rest of Tas. average.

One-car households formed 42.0% of the total.

51.9% of households had two or more vehicles.

Vehicle counts refer to occupied households, not individual residents.

Who's moving to Prospect, and who stays?Address history shows how settled or recently mobile residents were at the Census date.

61.4% were at the same address five years earlier, while 38.6% reported a different address.

14.6% of residents were born outside Australia. That is close to the Rest of Tas. average.

Mobility figures cover residents who answered the relevant Census question.

What languages are spoken in Prospect?Language at home gives a direct view of the community’s everyday linguistic mix.

84.4% of residents used only English at home.

9.9% used a language other than English at home.

1.9% spoke Mandarin at home, 0.2% spoke Cantonese and 0.0% spoke Hindi.

Home language is separate from English proficiency.

Where were Prospect residents born?Birthplace adds another layer to the local story, separate from ancestry and language.

14.6% of Prospect's population was born outside Australia, while roughly 85.4% was born in Australia.

1.2% of residents were born in China.

1.9% were born in India, while Australian citizenship across the whole suburb stood at 88.2%.

Birthplace, citizenship and ancestry describe different parts of identity.

What ancestries shape Prospect?Ancestry responses show how residents describe family and cultural background.

English ancestry accounted for 42.0% of ancestry responses in Prospect.

Australian ancestry made up 41.9% of responses.

Chinese ancestry represented 2.6% of responses.

People may nominate more than one ancestry, so these are shares of responses.

What work do people do in Prospect?Occupation describes a person’s role; industry describes the sector employing them.

19.4% of employed residents worked in professional occupations. That is somewhat above the Rest of Tas. average.

Managers accounted for 11.7% of employed residents, while clerical and administrative workers made up 13.0%.

Health care and social assistance employed 21.5% of workers, and education and training employed 7.5%.

Occupation and industry figures describe employed residents of the suburb.

How active is the workforce in Prospect?Participation, employment pattern and unemployment describe the resident labour force.

The labour-force participation rate was 60.1%, compared with 55.7% across Rest of Tas..

32.3% of residents aged 15 and over worked full time, while 22.1% worked part time.

Unemployment was 4.3%, compared with 5.6% across Rest of Tas..

Labour-force figures come from the 2021 Census.

What does the health profile of Prospect show?Selected long-term health conditions help describe community service needs.

52.1% reported no selected long-term health condition.

10.8% reported a long-term mental health condition, including depression or anxiety.

10.9% reported asthma, 13.6% arthritis and 5.8% diabetes excluding gestational diabetes.

These are self-reported suburb-wide Census figures, not address-level health risks.

How educated is Prospect?Qualifications describe the study pathways represented among local residents.

20.4% of people in the qualifications table held a bachelor degree. That is close to the Rest of Tas. average.

Postgraduate degrees accounted for 6.0% of qualification responses.

Diploma-level qualifications represented 13.5%, while certificate-level qualifications represented 42.7%.

Qualification categories are reported separately and are not school ratings.

What do incomes and housing costs look like in Prospect?Census income and household payments give historical context for local living costs.

Median household income was $1,233 per week in the 2021 Census.

The median monthly mortgage repayment reported by local households was $1,300.

Occupied renting households reported a median rent of $290 per week.

These household figures are from 2021; current sale and asking-rent medians appear in the market section.

How does Prospect compare with Rest of Tas.?A few clear differences place the suburb in its wider metropolitan context.

Working from home was 7.4% in Prospect, compared with 7.9% across Rest of Tas..

Outright ownership was 34.3% locally and 41.1% across Rest of Tas.. That is well below the Rest of Tas. average.

Renting accounted for 31.2% in Prospect, against 25.6% across Rest of Tas..

Capital-region comparisons use the same Census definitions and year.

Three useful questions

A buyer’s quick guide to Prospect (Tas.)

Is Prospect (Tas.) expensive?

The median house price is $672,000, while units and apartments sit at $502,000. Bedroom count, land and condition still create a wide range around those suburb medians.

Is Prospect (Tas.) good for families?

The Census counted 509 local families, and 15.1% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.

What can I get for $1.5m in Prospect (Tas.)?

Larger houses have a median around $888,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.

Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.

Explore the area

Streets and suburbs around Prospect (Tas.)

34 streets in Prospect (Tas.)

Street-by-street reports are not published yet. The streets below are the ones this suburb covers.

  • Bertha St
  • Braeside St
  • Bruce St
  • Caroline St
  • Deviation Cr
  • Elizabeth Pl
  • Gladstone Pl
  • Grace Pl
  • Guinness Ct
  • Ingamells St
  • Jasmine Ct
  • Jessica Pl
  • Kenbrae Pl
  • Legges Cr
  • Lila Dr
  • Lucy Pl
  • Luxmore Pl
  • Meander Valley Rd
Show all 34 streets
  • Midland Hwy
  • Morris St
  • Mount Leslie Rd
  • Nanette Ct
  • Oakden Rd
  • Palmerston Ave
  • Peel St West
  • Peppermint Pl
  • Prospect St
  • Ralph St
  • Saunders Pl
  • Stanley St
  • Trevritch Pl
  • Trotters Lane
  • Wendy Pl
  • Westbury Rd

Keep exploring

Is Prospect (Tas.) right for your search?

Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.

Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.