3/1 Westminster Way

Prospect Vale TAS 7250

The size of Prospect Vale is approximately 10 square kilometres. It has 16 parks covering nearly 10.6% of total area. The population of Prospect Vale in 2011 was 5,020 people. By 2016 the population was 5,067 showing a population growth of 0.9% in the area during that time. The predominant age group in Prospect Vale is 50-59 years. Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a clerical occupation. In 2011, 72.9% of the homes in Prospect Vale were owner-occupied compared with 70.9% in 2016.

Prospect Vale has 2,923 properties. Over the last 5 years, Houses in Prospect Vale have seen a 61.51% increase in median value, while Units have seen a 43.75% increase. As at 28 February 2025:

• The median value for Houses in Prospect Vale is $664,917 while the median value for Units is $409,601.
• Houses have a median rent of $495 while Units have a median rent of $420.