Launceston · 7250
Prospect, TAS
62% under your cap, 6.0%/yr capital growth.
NextSuburb scoreTier C
45Average
Median house
$565k
5y growth
6.0%/yr
Gross yield
2.7%
Vacancy
1.8%
Stable entry · room to scaleLow confidence
Thin marketSmall sample sizes (~15 sales/yr) can distort medians. Treat the score with caution and weight the eight-signal breakdown over the headline number.
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)6.0%/yr60/100
- Population growth+3.1% (5y)31/100
- Supply tightening-2.0% YoY60/100
- Rental yield2.7%53/100
- Rental demand1.8% vacancy55/100
- Income growth+13.0% (5y)52/100
- Construction pipelineno nearby pipeline0/100
- Affordability62% under cap62/100
Why this score
Prospect scores 45/100 (Average). The two strongest signals: 6.0%/yr capital growth over five years and 1.8% vacancy rate. The standout watch-out: no major construction project was found within the suburb's catchment.
Drivers
- Budget headroom62% under cap
- Capital growth6.0%/yr
- Supply tightening-2.0% YoY
Risks
- No major construction project in this state
Nearest infrastructure
UTAS Launceston Inveresk Campus5.3 km away
Recently completed · $0.3bn · completion 2024
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three TAS suburbs in the same budget band with the closest NextSuburb scores.
See the full TAS ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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