Prospect
Suburb profile, market snapshot and recent listings for Prospect, TAS 7250.
About Prospect
Welcome to Prospect
Market snapshot
Prospect property market
Median sale price
$623k
House · 3 bed
Median rent
$555
per week
Gross rental yield
4.6%
annual rent ÷ sale price
Typical price range
Entry
$541k
Median
$623k
Premium
$756k
Days on market
30
Auction clearance
0%
Sold this year
17
Median sold price trend · House 3 bed
Compound growth +3.3% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Prospect by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Prospect, TAS 7250.
Population
1,908
residents (2021)
Median age
43
years
Household income
$1,233
median, per week
Median rent
$290
per week
Median mortgage
$1,300
per month
Mortgage / income
24%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Prospect
Government school catchment
Independent & Catholic schools
St Patrick’s College - Croagh Patrick Centre
Recent results
Recently sold in Prospect
$470k
1/36 Morris Street
Sold ~July 2026
$680k
3 Guinness Court
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Prospect
Compare the area
Price map around Prospect
Every listing for sale near Prospect, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Common questions
Prospect suburb FAQ
What is the median property price in Prospect?
The median house price in Prospect, TAS is $623k for a 3-bedroom home. Over the past year, median sold prices have risen about 13.4%.
How much is rent in Prospect?
The median weekly rent in Prospect is around $555 per week.
Is Prospect a good place to live?
Prospect is a residential locality in the local government area (LGA) of Launceston in the Launceston LGA region of Tasmania. Prospect is an established residential suburb in TAS, with a population of around 1,908 and 2 schools in the area.
What is the population of Prospect?
Prospect has a population of 1,908 (ABS 2021 Census), with a median age of 43.
What schools are in Prospect?
There are 2 schools in or near Prospect, including Prospect High School and St Patrick’s College - Croagh Patrick Centre.
How long do homes take to sell in Prospect?
Properties in Prospect take around 30 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Prospect?
Entry-level properties in Prospect start around $541k, while premium homes reach $756k.
What suburbs are near Prospect?
Suburbs near Prospect include Kings Meadows, West Launceston, South Launceston, Newstead and Punchbowl.
Fresh to market
New this week in Prospect
Effortless Living in a Peaceful Prospect Cul-de-Sac
Perfect Family Home
Available now