October 2026 data · Launceston · TAS
Prospect house prices: median price and growth
- Median house
- $683k ▲ +14.5% in 12 months
- Median unit
- $550k 0.0% in 12 months
The median house price in Prospect is $683k (October 2026), up 14.5% over 12 months. Units have a median of $550k, unchanged over 12 months. That puts Prospect above the typical Launceston suburb ($677k) and number 4 of the 7 suburbs around it.
Median house price
- $1.8M+
- $1.6M–$1.8M
- $1.4M–$1.6M
- $1.2M–$1.4M
- $1M–$1.2M
- $800K–$1M
- $600K–$800K
- $400K–$600K
- <$400K
Prospect price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $683k | ▲ +2.6% | ▲ +8.3% | ▲ +14.5% |
| Unit | $550k | 0.0% | 0.0% | 0.0% |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
Prospect compared with nearby suburbs
Suburbs within about 1 km of Prospect, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Relbia | $1.30m | ▼ −25.7% | ▼ −27.8% | ▼ −30.5% | – | – | – | – |
| West Launceston | $700k | ▲ +3.9% | ▲ +7.7% | ▲ +11.3% | $500k | ▲ +6.7% | ▲ +8.7% | ▲ +5.8% |
| Kings Meadows | $695k | ▲ +12.1% | ▲ +22.8% | ▲ +26.4% | $576k | ▲ +1.1% | ▲ +4.8% | ▲ +18.8% |
| Prospect | $683k | ▲ +2.6% | ▲ +8.3% | ▲ +14.5% | $550k | 0.0% | 0.0% | 0.0% |
| Summerhill | $674k | ▲ +4.9% | ▲ +7.8% | ▲ +18.2% | $540k | ▲ +13.7% | ▲ +13.2% | ▲ +21.4% |
| Youngtown | $673k | ▲ +1.1% | ▲ +6.3% | ▲ +15.0% | $560k | ▲ +8.7% | ▲ +19.8% | ▲ +16.7% |
| South Launceston | $645k | ▲ +1.2% | ▲ +5.7% | ▲ +12.2% | $506k | ▲ +13.7% | ▲ +19.1% | ▲ +2.7% |
Living in Prospect
From the 2021 ABS Census: Prospect against the Launceston council area and TAS. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | Prospect | Launceston (council) | TAS |
|---|---|---|---|
| People | |||
| Population | 1,908 | 68,293 | 557,693 |
| Median age | 43 | 38 | 41 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 14.6% | 16.1% | 15.4% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $1,233/wk | $1,369/wk | $1,411/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 29.6% | 34.1% | 26.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for Prospect, its council and TAS
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in Prospect?
The median house price in Prospect was $683k in October 2026, up 14.5% on a year earlier. The typical Launceston suburb median was $677k.
What is the median unit price in Prospect?
The median unit price in Prospect was $550k in October 2026, unchanged over 12 months.
Is Prospect more expensive than nearby suburbs?
Of the 6 neighbouring suburbs with a median house price, 3 are dearer than Prospect and 3 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.