Microburbs
Aerial view of Prospect Vale, TAS

Aerial view

Imagery © Esri

The quick read on

Prospect Vale

TAS 7250 · Meander Valley

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

Median house
$733,000

latest suburb median

Median unit
$527,000

latest suburb median

Population
5,433

ABS 2021

Postcode
7250

Prospect Vale, Tasmania

Property market insights for Prospect Vale

Median sale price and rental income of properties in Prospect Vale TAS

Median price trend for houses

Based on 82 sales in the preceding 12 months

$733,000

Up 7.5% over 12 months

$800k$700k$600k20212023202420252026
2 bed
$528k
3 bed
$697k
4 bed
$815k

Median rent trend for houses

Based on 76 rental listings in the preceding 12 months

$600 per week

Up 14.3% over 12 months

$700$600$500$40020212023202420252026

Market data updated October 2026.

The median house price in Prospect Vale, TAS is currently $733,000, based on the latest 12 months of sales. Prospect Vale has a 12-month growth rate of 7.5% for houses and 6.0% for units.

Two-bedroom houses have a median sale price of $528,000, Three-bedroom houses have a median sale price of $697,000, Four-bedroom houses have a median sale price of $815,000 in Prospect Vale.

If you're looking to lease, the median rent for houses in Prospect Vale is $600 per week. The median house rent has increased 14.3% over the last 12 months.

The median price of apartments and units for sale in Prospect Vale is $527,000, which has increased 6.0% since the same time last year. Two-bedroom apartments and units have a median sale price of $520,000, Three-bedroom apartments and units have a median sale price of $690,000 in Prospect Vale. The median rent for units and apartments in Prospect Vale is $462 per week and has increased 8.7% over the last 12 months.

Crime and safety

Is Prospect Vale safe?

The overall rate for Prospect Vale is 7,768 offences per 100,000 residents — 34% 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 Vale.

Overall crime rate

7,768

offences per 100,000 residents

34% belowRest of Tas.

Prospect ValeRest 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 Vale?

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

5,433 people call Prospect Vale home, with an average of 2.2 people per household and a median household income of $1,268 a week.

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

Population
5,433
Median age
48 years
Median mortgage
$1,430 / month
2021 household rent
$300 / week
Above the benchmarkBelow the benchmarkIn lineRest of Tas. benchmark

Age profile

Share of residents in each age band.

Under 1514.6%Below
15–3421.1%Below
35–5423.3%In line
55–7426.7%Below
75 and over14.0%Above

Homes

Share of occupied private dwellings.

Separate houses79.5%Below
Townhouses6.3%In line
Apartments13.8%Above

Ownership

Share of homes with a stated ownership or rental status.

Owned outright41.6%Above
Paying a mortgage31.9%Below
Renting26.5%Above

Cars at home

Vehicles available to occupied households.

No car6.1%Above
One car40.0%Above
Two cars37.0%Above
Three or more17.0%Below

Getting to work

Selected ways residents worked or travelled on Census day.

Worked from home4.9%Below
Drove to work74.7%Above
Train, tram or bus1.2%In line
Walked or cycled1.3%Below

What stands out in Prospect Vale

4.9% of workers in Prospect Vale worked from home on Census day.

3.1% of Prospect Vale residents were born in England.

40.6% of people in Prospect Vale described themselves as having no religion in the 2021 Census.

A closer look at the Census

Questions people ask about Prospect Vale

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

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

14.6% of Prospect Vale's residents were children under 15 in the 2021 Census. That is close to the Rest of Tas. average.

1,536 family households lived in Prospect Vale; 35.9% were couple families and 16.7% were one-parent families.

31.3% of local families included children under 15. That is close to the Rest of Tas. average.

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

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

Prospect Vale had 5,433 residents at the 2021 Census.

21.7% of residents were aged 25 to 44.

40.7% were 55 or older. That is somewhat above the Rest of Tas. average.

Age shares use the suburb’s total Census population.

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

Separate houses made up 79.5% of occupied private dwellings in Prospect Vale.

Townhouses and other attached homes represented 6.3% of occupied private dwellings.

Flats and apartments accounted for 13.8% of occupied private dwellings.

All three shares use occupied private dwellings as the denominator.

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

41.6% of households with a stated tenure owned their home outright. That is close to the Rest of Tas. average.

31.9% were buying their home with a mortgage.

26.5% rented their home. That is close to the Rest of Tas. average.

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

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

The average household in Prospect Vale had 2.2 people.

One-person households made up 33.3% of occupied homes. That is somewhat above the Rest of Tas. average.

Two-person households represented 37.1%, while 15.7% had four or more usual residents.

Household size counts usual residents in occupied homes.

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

4.9% of workers worked from home on Census day. That is somewhat below the Rest of Tas. average.

74.7% drove a car as their only travel method. That is well above the Rest of Tas. average.

1.2% used only a train, tram or bus, while 1.3% walked or cycled.

Travel figures are a 2021 Census-day snapshot.

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

6.1% of occupied households had no motor vehicle available. That is close to the Rest of Tas. average.

One-car households formed 40.0% of the total.

54.0% of households had two or more vehicles.

Vehicle counts refer to occupied households, not individual residents.

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

63.4% were at the same address five years earlier, while 36.6% reported a different address.

12.1% of residents were born outside Australia. That is almost exactly typical for Rest of Tas..

Mobility figures cover residents who answered the relevant Census question.

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

89.7% of residents used only English at home.

6.6% used a language other than English at home.

0.7% spoke Mandarin at home, 0.2% spoke Cantonese and 0.2% spoke Hindi.

Home language is separate from English proficiency.

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

12.1% of Prospect Vale's population was born outside Australia, while roughly 87.9% was born in Australia.

0.5% of residents were born in China.

0.7% were born in India, while Australian citizenship across the whole suburb stood at 92.3%.

Birthplace, citizenship and ancestry describe different parts of identity.

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

English ancestry accounted for 45.5% of ancestry responses in Prospect Vale.

Australian ancestry made up 43.7% of responses.

Chinese ancestry represented 1.2% of responses.

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

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

18.0% of employed residents worked in professional occupations. That is close to the Rest of Tas. average.

Managers accounted for 11.3% of employed residents, while clerical and administrative workers made up 16.5%.

Health care and social assistance employed 17.9% of workers, and education and training employed 8.7%.

Occupation and industry figures describe employed residents of the suburb.

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

The labour-force participation rate was 57.3%, compared with 55.7% across Rest of Tas..

31.9% of residents aged 15 and over worked full time, while 20.0% 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 Vale show?Selected long-term health conditions help describe community service needs.

52.6% reported no selected long-term health condition.

11.2% reported a long-term mental health condition, including depression or anxiety.

10.8% reported asthma, 15.5% arthritis and 6.2% diabetes excluding gestational diabetes.

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

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

20.6% of people in the qualifications table held a bachelor degree. That is close to the Rest of Tas. average.

Postgraduate degrees accounted for 5.6% of qualification responses.

Diploma-level qualifications represented 14.4%, while certificate-level qualifications represented 44.3%.

Qualification categories are reported separately and are not school ratings.

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

Median household income was $1,268 per week in the 2021 Census.

The median monthly mortgage repayment reported by local households was $1,430.

Occupied renting households reported a median rent of $300 per week.

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

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

Working from home was 4.9% in Prospect Vale, compared with 7.9% across Rest of Tas..

Outright ownership was 41.6% locally and 41.1% across Rest of Tas.. That is close to the Rest of Tas. average.

Renting accounted for 26.5% in Prospect Vale, 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 Vale

Is Prospect Vale expensive?

The median house price is $733,000, while units and apartments sit at $527,000. Bedroom count, land and condition still create a wide range around those suburb medians.

Is Prospect Vale good for families?

The Census counted 1,536 local families, and 14.6% 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 Vale?

4-bedroom houses have a median around $815,000, 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 Vale

100 streets in Prospect Vale

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

  • Akuna Ct
  • Angela Ct
  • Asgard Pl
  • Atlantic Pl
  • Bass Hwy
  • Bayne Pl
  • Belt Dr
  • Bimbimbi Ave
  • Bordin St
  • Bradford Ave
  • Buckingham Pl
  • Buell Dr
  • Burrows St
  • Burswood Tce
  • Bushby Cl
  • Carlwood Pl
  • Casino
  • Chelmsford Cl
Show all 100 streets
  • Chelsea Cl
  • Cheltenham
  • Cheval Close
  • Chris St
  • Clance Avenue
  • Classic Dr
  • Clifton Pl
  • Coates Rd
  • Country Club Avenue
  • Crockford Ct
  • Daytona
  • Delmore Ct
  • Donalds Ave
  • Eversham Cl
  • Gleneagles
  • Gordon Pl
  • Grantham Cl
  • Haberfield Way
  • Hammond Ct
  • Hampshire Pl
  • Harley Pde
  • Heald Road
  • Heritage Pl
  • Holyman Dr
  • Hughes Ct
  • Huntingdale
  • Hutton Ct
  • Hyde Ct
  • Islington Pl
  • Jacob Pl
  • Jardine Cr
  • Jupiter Ct
  • Kate Reed Dr
  • Kerby Ct
  • Knox St
  • Las Vegas Dr
  • Leeds Ln
  • Legacy Road
  • Leslie Gr
  • Lindfield Pl
  • Lola Ct
  • Lomond View Dr
  • Mace St
  • Mcilveen Court
  • Mcrae Pl
  • Meander Valley Rd
  • Melrose Pl
  • Molecombe Dr
  • Monte Carlo Ct
  • Montpelier Dr
  • Mountain View Ct
  • Mount Leslie Rd
  • Nanke Ct
  • Nicole Ct
  • Night Train
  • Oakmont
  • Picadilly Ct
  • Pinehurst Ct
  • Pitcher Pde
  • Richard St
  • Rudd Place
  • Sherwood Cl
  • Somerset Pl
  • Stacks Ct
  • St Andrews
  • St Ives Ct
  • Stuart Ave
  • Sturgis Pl
  • Sutherland Court
  • Talus Pl
  • Trafalgar Dr
  • Vale St
  • Virginia Gr
  • Waterhouse Ct
  • Wenlock
  • Westbury Rd
  • Western
  • Westminster
  • Whymper Ct
  • Willow Ln
  • Woodrising
  • Yorkshire Ct

Keep exploring

Is Prospect Vale 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.