Prospect vs Prospect Vale

Prospect is the younger of the two, with a median age of 43 against 48 in Prospect Vale. In both, most households own their home, most homes are detached houses, and about half of households are people living alone. Houses cost more in Prospect Vale: a median of $710,000, against $642,000 in Prospect.

Which one suits you?

There is no overall winner — the suburb that suits a family with school-age kids is routinely the wrong one for someone commuting into the city. So each of these answers its own question, against a checklist you can see, using the same figures in the tables below.

Families with school-age kids

They split

one each way, out of the 5 things we measure here

  • Prospect has more schools inside the suburb (3 vs 0)
  • Prospect Vale has more parks and reserves (12 vs 2)

Weighs schools, house stock, parks, childcare, and who already lives there.

First-home buyers

They split

one each way, out of the 3 things we measure here

  • Prospect has cheaper houses ($642,500 vs $710,000)
  • Prospect Vale has cheaper units ($490,000 vs $550,000)

Weighs house prices, unit prices, and mortgage stress.

Renters

Too close to call

Nothing among the 3 things we measure here separates them by enough to be worth acting on.

Weighs rent, rental stress, and how much is for rent.

Commuting to the city

Prospect Vale

ahead on the one thing that separates them

  • has a shorter drive in (139 min vs 150 min)

Weighs distance, drive time, and walkability.

Downsizers and retirees

Too close to call

Nothing among the 4 things we measure here separates them by enough to be worth acting on.

Weighs smaller dwellings, who already lives there, GPs, and walkability.

Investors

Too close to call

Nothing among the 2 things we measure here separates them by enough to be worth acting on.

Weighs house yield and population growth.

Where they sit

Prospect and Prospect Vale drawn to the same scale. Both outlines are shown together, so the map answers whether they share a border and how their areas compare.

Prospect Prospect Vale
Hides rows where both suburbs match

Bars start at zero. Scores, risks and rankings are drawn against their full 0–100 range; other rows are drawn in proportion to the larger of the two.

Side by side, out of 100

Risks are inverted — shown as safety and low exposure — so a longer bar always means better.

Prospect Prospect Vale
Walkability 30 / 32
Prospect — Walkability: 30/100 Prospect Vale — Walkability: 32/100
Low fire risk 80 / 100
Prospect — Low fire risk: 80/100 Prospect Vale — Low fire risk: 100/100

Demographics

Prospect Vale has more residents (5,433 vs 1,908); Prospect Vale skews older (48 vs 43).

Prospect Prospect Vale
Population 1,908 5,433
+185% vs other
Population trend (2016 → 2021) +10.8% +7.2%
Median age 43 48
Median household income $64,116/yr $65,936/yr
+3% vs other
Median weekly rent $290/wk $300/wk
+3% vs other

Age profile

Share of residents in each band, 2021 Census.

Prospect Prospect Vale
0-4 5.6% / 4.2%
Prospect — 0-4: 5.6% Prospect Vale — 0-4: 4.2%
5-14 9.5% / 10.4%
Prospect — 5-14: 9.5% Prospect Vale — 5-14: 10.4%
15-19 6.2% / 4.9%
Prospect — 15-19: 6.2% Prospect Vale — 15-19: 4.9%
20-24 5.6% / 5.1%
Prospect — 20-24: 5.6% Prospect Vale — 20-24: 5.1%
25-34 14.2% / 11.0%
Prospect — 25-34: 14.2% Prospect Vale — 25-34: 11.0%
35-44 11.5% / 10.7%
Prospect — 35-44: 11.5% Prospect Vale — 35-44: 10.7%
45-54 12.8% / 12.6%
Prospect — 45-54: 12.8% Prospect Vale — 45-54: 12.6%
55-64 12.0% / 13.3%
Prospect — 55-64: 12.0% Prospect Vale — 55-64: 13.3%
65-74 12.8% / 13.4%
Prospect — 65-74: 12.8% Prospect Vale — 65-74: 13.4%
75-84 7.1% / 10.2%
Prospect — 75-84: 7.1% Prospect Vale — 75-84: 10.2%
85+ 3.0% / 3.8%
Prospect — 85+: 3.0% Prospect Vale — 85+: 3.8%

Bars are drawn against the largest share shown (14.2%).

Who lives together

Household composition, 2021 Census.

Prospect 49.2% lone person
Prospect — Lone Person: 49.2% Prospect — Couple Families: 30.4% Prospect — One Parent Families: 16.5% Prospect — Group Household: 3.9% Prospect — Other Families: 0.0%
Prospect Vale 47.2% lone person
Prospect Vale — Lone Person: 47.2% Prospect Vale — Couple Families: 33.4% Prospect Vale — One Parent Families: 15.6% Prospect Vale — Group Household: 3.0% Prospect Vale — Other Families: 0.8%
Lone Person Couple Families One Parent Families Group Household Other Families

Who owns and who rents

Occupied private dwellings by tenure, 2021 Census.

Prospect 31.2% renting
Prospect — Owned Outright: 34.3% Prospect — Mortgage: 34.5% Prospect — Renting: 31.2%
Prospect Vale 26.5% renting
Prospect Vale — Owned Outright: 41.6% Prospect Vale — Mortgage: 31.9% Prospect Vale — Renting: 26.5%
Owned outright Mortgage Renting

Qualifications

Highest non-school qualification, residents 15+, 2021 Census.

Prospect Prospect Vale
Certificate III & IV 17.3% / 16.9%
Prospect — Certificate III & IV: 17.3% Prospect Vale — Certificate III & IV: 16.9%
Bachelor Degree 9.7% / 9.4%
Prospect — Bachelor Degree: 9.7% Prospect Vale — Bachelor Degree: 9.4%
Advanced Diploma / Diploma 6.4% / 6.5%
Prospect — Advanced Diploma / Diploma: 6.4% Prospect Vale — Advanced Diploma / Diploma: 6.5%
Postgraduate Degree 2.9% / 2.5%
Prospect — Postgraduate Degree: 2.9% Prospect Vale — Postgraduate Degree: 2.5%
Graduate Diploma / Certificate 1.4% / 1.3%
Prospect — Graduate Diploma / Certificate: 1.4% Prospect Vale — Graduate Diploma / Certificate: 1.3%

Bars are drawn against the largest share shown (17.3%).

Where residents were born

Largest overseas birthplaces, as a share of all residents, 2021 Census. A dash means that country is not among the suburb's own eight largest.

Prospect Prospect Vale
England 2.0% / 3.1%
Prospect — England: 2.0% Prospect Vale — England: 3.1%
India 1.9% / 0.7%
Prospect — India: 1.9% Prospect Vale — India: 0.7%
Nepal 1.4% / 0.4%
Prospect — Nepal: 1.4% Prospect Vale — Nepal: 0.4%
China 1.2% / 0.5%
Prospect — China: 1.2% Prospect Vale — China: 0.5%
Philippines 1.0% / 0.6%
Prospect — Philippines: 1.0% Prospect Vale — Philippines: 0.6%
Netherlands 0.8% / 0.5%
Prospect — Netherlands: 0.8% Prospect Vale — Netherlands: 0.5%
New Zealand 0.5% / 0.6%
Prospect — New Zealand: 0.5% Prospect Vale — New Zealand: 0.6%

Bars are drawn against the largest share shown (3.1%).

What people live in

Occupied private dwellings by structure, 2021 Census.

Prospect 72.0% houses
Prospect — Houses: 72.0% Prospect — Flats / Apartments: 23.3% Prospect — Townhouses: 4.7%
Prospect Vale 79.7% houses
Prospect Vale — Houses: 79.7% Prospect Vale — Flats / Apartments: 14.1% Prospect Vale — Townhouses: 6.3%
Houses Flats / Apartments Townhouses

Property market

Prospect Prospect Vale
Median house price $642,500 $710,000
Median unit price $550,000 $490,000
Median land price — $305,000
Typical days to sell (houses) 22 days
from 17 sales
 12 days
from 42 sales

House price by bedroom count

Only bed counts both suburbs published enough sales for. Sale counts are shown because the buckets differ in depth.

Prospect Prospect Vale
2 bed $514K / $525K
Prospect — 2 bed: $514K (8 sales) Prospect Vale — 2 bed: $525K (5 sales)

8 vs 5 sales

3 bed $615K / $669K
Prospect — 3 bed: $615K (31 sales) Prospect Vale — 3 bed: $669K (58 sales)

31 vs 58 sales

4 bed $765K / $790K
Prospect — 4 bed: $765K (17 sales) Prospect Vale — 4 bed: $790K (41 sales)

17 vs 41 sales

Zoning mix

Prospect has more rural and farming land (51% vs 32%).

Prospect Prospect Vale
Rural and farming 51% 32%
Residential 15% 35%
Environmental 15% 6%
Infrastructure and transport 12% 5%
Other and special use 1% 10%
Commercial 2% 9%
Parks and recreation 5% 2%
Industrial 0% 1%
Zoning sets what may be built, not what is there today. A single address can sit in a different zone to the suburb around it. Zones as at 2026-09.

Development activity

Prospect Prospect Vale
New dwellings approved 208
across Launceston
 202
across Meander Valley
Approvals change year on year -29% +67%

Gross rental yield

Gross — before strata, rates, management, insurance and vacancy. From median advertised rents and median asking prices over the last 6 months. How we calculate.

Prospect Prospect Vale
Houses 4.2%
$600/wk on $745K
 4.1%
$625/wk on $799K
Units — 4.3%
$450/wk on $549K

Ranking within TAS

Prospect Prospect Vale
House price —
same for both
Income Higher than 43% of TAS Higher than 45% of TAS
Schools Higher than 92% of TAS —
Walkability Higher than 88% of TAS
same for both
Affordability —
same for both
EV adoption Higher than 72% of TAS Higher than 74% of TAS
NBN connectivity Higher than 96% of TAS Higher than 98% of TAS
Rental yield (houses) Higher than 50% of TAS Higher than 40% of TAS
Rental yield (units) — Higher than 41% of TAS

Liveability

Prospect Prospect Vale
Grade A
same for both
Score 67/100 65/100
Socio-economic band mid-range socio-economic
decile 4/10
 below-average income
decile 3/10

Risk profile

Prospect carries more bushfire risk (20 vs 0).

Prospect Prospect Vale
Bushfire Low
20/100
 None
0/100
Crime Not mapped
no mapped data here
same for both
Flood Not mapped
no mapped data here
same for both
Coastal erosion None
0/100
same for both
Aircraft noise None
0/100
same for both
Industrial facilities nearby 3
within 5 km
 2
within 5 km

Schools

Prospect Prospect Vale
Inside the suburb 3 0
Rated above peers 2 0
Rated at peers 0
same for both
Rated below peers 0
same for both
Universities within 10 km 1
Launceston, 5.7 km
 1
Launceston, 6.2 km
Full-time students aged 15–24 1.2% 1.0%

Schools in Prospect

  • Prospect High School Government · Secondary above peers
  • St Patrick's College Catholic · Secondary above peers
  • St Patrick’s College - Croagh Patrick Centre Catholic · Secondary

Schools in Prospect Vale

No schools recorded inside this suburb's boundary. Children here will be zoned to schools nearby.

Amenities in the suburb

Prospect Prospect Vale
Supermarkets 2 1
Cafes & restaurants 2 7
Parks & reserves 2 12
Childcare 0 1
GPs 1 0
Pharmacies 1
same for both
Banks & Bank@Post 1 0
Fuel stations 0 1
Waterways 1 9

Mobility

Prospect Prospect Vale
Walkability score 30/100 32/100
Distance to Hobart 203.2 km 201.3 km
Drive time (normal traffic) 150 min 139 min
Public transport score 76/100
Bus
same for both
Peak arrivals per hour 40.0
7-9am + 5-7pm
 85.0
7-9am + 5-7pm
Median peak wait 1 min
scheduled, not actual
same for both
Electric vehicle share 0.8%
postcode 7250
same for both
Rooftop solar per 100 dwellings 25
postcode 7250
same for both

How people get to work

Method of travel on census day 2021 — which fell during COVID restrictions, so working from home is inflated and every travel mode understated.

Prospect Prospect Vale
Car (driver) 82.1% / 85.4%
Prospect — Car (driver): 82.1% Prospect Vale — Car (driver): 85.4%
Worked from Home 8.7% / 5.6%
Prospect — Worked from Home: 8.7% Prospect Vale — Worked from Home: 5.6%
Car (passenger) 6.0% / 5.7%
Prospect — Car (passenger): 6.0% Prospect Vale — Car (passenger): 5.7%
Bus 1.4% / 1.7%
Prospect — Bus: 1.4% Prospect Vale — Bus: 1.7%
Walked Only 0.9% / 1.5%
Prospect — Walked Only: 0.9% Prospect Vale — Walked Only: 1.5%

Bars are drawn against the largest share shown (85.4%).

Setting

Prospect Prospect Vale
Elevation 116 m
above sea level, at the suburb centre
 173 m
above sea level, at the suburb centre
Distance to the ocean 48.4 km 46.8 km

NBN connectivity

Prospect Prospect Vale
Connectivity score 100/100
same for both
Most common technology Fibre to the premises
same for both
Full-fibre (FTTP) share 100%
1,024 premises
 99%
2,812 premises

Climate

Prospect Prospect Vale
Annual rainfall 676 mm
same for both
Summer max (Jan) 24.5°C
same for both
Winter min (Jul) 3.1°C
same for both

Council rates

Prospect Prospect Vale
Average residential rate $2,075/yr $875/yr
Council Launceston Meander Valley

Federal electorate

Prospect Prospect Vale
Division Bass Lyons
Member Jess Teesdale Rebecca White
Party Australian Labor Party
same for both

First Home Owner Grant

Prospect Prospect Vale
Grant amount $20,000
same for both
Property price cap —
same for both
Eligibility New
same for both

Tags

Prospect

Quiet

Prospect Vale

Retirees

More comparisons

Other comparisons with Prospect

Prospect vs South Launceston Prospect vs Kings Meadows Prospect vs West Launceston Prospect vs Youngtown Prospect vs Longford Prospect vs Summerhill

Other comparisons with Prospect Vale

Prospect Vale vs Longford Prospect Vale vs Summerhill Prospect Vale vs Blackstone Heights Prospect Vale vs Travellers Rest
Full data on Prospect Full data on Prospect Vale
Unlock full address-level data — $29/month

Information shown is provided as-is from Australian government and commercial data sources.
Always verify with the relevant authority before making property decisions.
See Data Sources and How We Calculate for details.

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