Prospect is an affordable northern Launceston suburb popular with first home buyers and investors, with improving amenity, steady rental demand from health and retail workers, and excellent value relative to southern states. Its proximity to Launceston's CBD and emerging café culture make it a compelling growth option. At the current $490k median house price, an 80% loan at 6.25% over 30 years is about $2,414 per month.
| Median house price | $490,000 |
|---|---|
| Median unit price | $302,000 |
| Estimated monthly repayment | $2,414 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.8% |
| Gross rental yield | 5.8% |
| Typical days on market | 26 |
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