Prospect · Suburb / Locality

Housing & Dwellings in Prospect

Where and how people live — the homes, how they are held, and what they cost.

Weekly rents in Prospect are well below the national figure, with typical payments of $290. This suburb offers a mix of housing that is more diverse than many other Tasmanian areas, though it has a much lower share of large family homes.

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📍 Prospect, Suburb / Locality

Where Prospect sits — Median rent (weekly)

$290 ▲ +34.9%
  • $0–$25: 37 areas
  • $25–$50: 86 areas
  • $50–$75: 199 areas
  • $75–$100: 214 areas
  • $100–$125: 525 areas
  • $125–$150: 343 areas
  • $150–$175: 699 areas
  • $175–$200: 597 areas
  • $200–$225: 1183 areas
  • $225–$250: 724 areas
  • $250–$275: 1277 areas
  • $275–$300: 787 areas
  • $300–$325: 1282 areas
  • $325–$350: 618 areas
  • $350–$375: 935 areas
  • $375–$400: 570 areas
  • $400–$425: 763 areas
  • $425–$450: 288 areas
  • $450–$475: 415 areas
  • $475–$500: 176 areas
  • $500–$525: 204 areas
  • $525–$550: 79 areas
  • $550–$575: 125 areas
  • $575–$600: 70 areas
  • $600–$625: 97 areas
  • $625–$650: 21 areas
  • $650–$675: 54 areas
  • $675–$700: 145 areas

All suburb / locality areas, 2021. The marker is Prospect — higher than 54% of areas.

Median rent (weekly) compared with the state and national average
Prospect$290
7250, TAS $285
Tasmania $290
Australia $375

Housing costs

Rents, mortgages and crowding.

The typical monthly home loan payment of $1,300 is lower than most areas and well below the Australian figure. Renters also pay less than the national average, with a typical weekly rent of $290, which is about the same as the state average.

$290 ▲ +34.9%

Higher than 54% of suburb / locality areas.

  • 2011: $215
  • 2016: $250
  • 2021: $290

Median weekly rent paid by households renting their home.

$1,300 ▲ +18.2%

Lower than 71% of suburb / locality areas.

  • 2011: $1,100
  • 2016: $1,343
  • 2021: $1,300

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Prospect, $200–$349 is the majority at 58%; $350–$549 is next at 29%.

Monthly mortgage distribution

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In Prospect, $1,000–$1,799 is the majority at 54%; Under $1,000 is next at 22%.

Owning & renting

How homes are owned or rented.

Renting is much more common here than in most similar areas, with 29.6% of households renting. Meanwhile, the 32.5% of homes owned outright is well below the Tasmanian average.

29.6% ▲ +1.9%

Higher than 78% of suburb / locality areas.

  • 2011: 29.0%
  • 2016: 32.4%
  • 2021: 29.6%

Share of occupied private dwellings that are rented.

32.5% ▼ -6.6%

Lower than 73% of suburb / locality areas.

  • 2011: 34.8%
  • 2016: 31.6%
  • 2021: 32.5%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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Prospect splits fairly evenly between Owned with a mortgage (33%) and Owned outright (33%), with Rented at 30%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses make up 72% of the market, which is far below the state average. This is consistent with the area having far fewer homes with three or more bedrooms compared to the rest of Tasmania and Australia.

0.80 ▼ -27.3%

Lower than 57% of suburb / locality areas.

  • 2011: 1.10
  • 2016: 0.80
  • 2021: 0.80

Average number of usual residents per bedroom — a crowding measure.

72.0% ▼ -18.3%

Lower than 86% of suburb / locality areas.

  • 2011: 88.1%
  • 2016: 72.7%
  • 2021: 72.0%

Share of occupied private dwellings that are separate houses.

63.9% ▼ -0.7%

Lower than 82% of suburb / locality areas.

  • 2011: 64.4%
  • 2016: 64.4%
  • 2021: 63.9%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Prospect, Separate house is the majority at 72%; Flat or apartment is next at 23%.

Bedrooms per home

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In Prospect, the largest group is 3 bedrooms at 43%, followed by 2 bedrooms (30%) and 4 bedrooms (18%).

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Prospect

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Prospect [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL60524/prospect/topic/housing-dwellings