Prospect Vale is a mid-sized suburb in Tasmania within the Meander Valley local government area (postcode 7250). With a population of 5,433, the suburb has a mature demographic with a median age of 48. Households earn a median income of $66K per year, with an average household size of 2.2 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.

The median house price in Prospect Vale is $655,000, having remained flat 0% over the past year. Units have a median price of $460,000 (-10.4% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,430.

Prospect Vale is served by 1 school, including 1 secondary. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 39 bus stops.

From an investment perspective, Prospect Vale offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($655K/$750K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +0.0% year-on-year.