🔍

Prospect

TAS 7250 • Rest of TAS

1,908
Population (2021)
$64,116
Median Household Income
6.79 km²
Area
$290/wk
Median Rent
Established SuburbFamily-FriendlySports FacilitiesUrban Fringe
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About Prospect

Prospect is a residential urban locality situated approximately 8 kilometres south of Launceston in Tasmania's City of Launceston local government area. With a population of around 1,908 residents recorded in the 2021 census, it is a well-established suburb with a median age of 43 and a predominantly Australian-born community. The area sits along the Midland Highway corridor and is home to the State Government's Mount Pleasant Laboratories, a significant research facility. Prospect was formally gazetted as a locality in 1963 and has grown steadily as part of greater Launceston.

Prospect offers a practical suburban lifestyle with a mix of commercial, industrial, and residential land uses centred on Westbury Road, the suburb's main commercial strip. The Silverdome Complex provides major indoor sports and entertainment facilities including an indoor cycling velodrome and netball courts, and serves as headquarters for the Tasmanian Institute of Sport. Everyday needs are met by local shops including an IGA supermarket, cafes, and a range of services. The area attracts families and working professionals seeking affordable housing within easy reach of Launceston's city centre.

Prospect falls under postcode 7250 and is governed by the Launceston Council (Local Government Area). For federal elections, residents vote in the electorate of Bass, while state elections fall under the Bass (Launceston) electorate.

📍 Location

State
Tasmania
Postcode
7250
Urban Area
Launceston
LGA / Council
Launceston
Federal Electorate
Bass
State Electorate
Bass (Launceston)
Type
Urban
Timezone
Hobart (UTC+10)
Coordinates
-41.48°, 147.14°
Statistical Area
Rest of TAS
Area
6.79 km²
Population Density
281 /km²
Elevation
159m

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💰 Income

ATO taxable income Postcode 7250

Median taxable income for individual taxpayers in postcode 7250, comparing the 2019–20 and 2023–24 financial years.

Median 2019–20
$46,787
Median 2023–24
$57,501
▲ 22.9% increase
Average taxable income (2023–24)
$71,312

Source: ATO Taxation Statistics 2023–24, Individuals Table 8 (median & average taxable income by postcode). Covers all individuals who lodged a return in postcode 7250; postcodes with fewer than 200 lodgments are suppressed by the ATO.

Census personal income 2016 vs 2021

Personal Income 2016
$33,280
Personal Income 2021
$39,156
▲ 17.7% increase

Personal Income Comparison (2016 vs 2021)

2021 Census income breakdown

Personal = median for one earner. Household = all members of a dwelling pooled. Family = related members only. Annual = weekly × 52.

Personal
$39,156 / yr
$753/wk
Household
$64,116 / yr
$1233/wk
Family
$91,312 / yr
$1756/wk
💰 Income: ABS Census 2021

🏠 Housing 2021 Census

Median Rent (weekly)
$290
Median Mortgage (monthly)
$1,300
Avg Household Size
2.2 people
Median Age
43 years

🚌 Transport & Commute

Bus Services

  • Metro Tasmania Route 80/82 — Launceston CBD via Kings Meadows ~20 min
  • Metro Tasmania Route 84 — Youngtown and Prospect Vale ~15 min

Commute to Launceston CBD

Distance
8 km
By Bus
~20 min via Metro Tasmania
By Car (Peak)
~15 min
By Car (Off-Peak)
~12 min

🛣️ Tasmania has no metropolitan train network. The Midland Highway provides direct road access to Launceston.

Walkability Car-Dependent

Prospect is a car-dependent suburb. Local shops and services are accessible on Westbury Road but most destinations require driving. Metro bus services connect to Launceston CBD.

🛒 Supermarkets Nearby

  • Woolworths
    350-358 Westbury Road Prospect 7250 TAS

🎓 Schools

👥 Demographics

Census 2016
1,722
Census 2021
1,908
▲ 10.8% growth

Population Growth

Gender Distribution (Census 2021)

📊 Population: ABS Census 2021

🎓 Educational Institution Attending 2021 Census

School Sector Breakdown

🌍 Country of Birth 2021 Census

Born in Australia 1,538
Born Overseas 278

Top Countries of Birth (excl. Australia)

  • 1. England 39
  • 2. India 37
  • 3. Nepal 26
  • 4. China 22
  • 5. Philippines 19
  • 6. Netherlands 16
  • 7. Malaysia 15
  • 8. Iran 9
  • 9. New Zealand 9
  • 10. Chile 8

🧬 Ancestry 2021 Census

Top ancestries reported (people may report up to two)

English 802
Australian 799
Irish 155
Scottish 147
German 62
Australian Aboriginal 55
Italian 51
Chinese 50
Dutch 47
Indian 31

👨‍👩‍👧 Parents' Birthplace

1,300
Both parents born in Australia
340
Both parents born overseas
162
One parent AU, one overseas

🛐 Religion 2021 Census

Christianity
45.5%
No Religion
42.9%
Hinduism
2.0%
Buddhism
1.3%
Islam
1.2%
Sikhism
0.7%

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📊 Age Distribution 2021 Census

0-4 years
107 (5.6%)
5-14 years
182 (9.5%)
15-19 years
119 (6.2%)
20-24 years
107 (5.6%)
25-34 years
271 (14.2%)
35-44 years
219 (11.5%)
45-54 years
245 (12.8%)
55-64 years
229 (12.0%)
65-74 years
244 (12.8%)
75-84 years
135 (7.1%)
85+ years
58 (3.0%)

Nearby Suburbs

Frequently Asked Questions

What is Prospect known for? +

Prospect is a residential urban locality situated approximately 8 kilometres south of Launceston in Tasmania's City of Launceston local government area. Prospect offers a practical suburban lifestyle with a mix of commercial, industrial, and residential land uses centred on Westbury Road, the suburb's main commercial strip.

How far is Prospect from Hobart CBD? +

Prospect is approximately 8 kilometres from Hobart CBD, with a typical drive taking around 10-14 minutes depending on traffic and route taken.

Does Prospect have public transport? +

Prospect is served by Metro Tasmania bus services connecting to Launceston. Tasmania has no passenger rail network, so buses and private vehicles are the main transport options. A car is commonly used for flexibility.

What is the population of Prospect? +

According to the 2021 Census, Prospect has a population of approximately 1,908 residents, a modest but established community. The suburb falls within the Launceston (City) local government area.

Is Prospect a good place to live? +

Prospect is a well-regarded family-friendly suburb with parks, schools, and a welcoming community atmosphere. Its residential character and local amenities make it a popular choice for families settling in the area.

What is the postcode for Prospect? +

The postcode for Prospect, TAS is 7250. This postcode covers Prospect and may also serve nearby localities within the same postcode zone.

What is the average income in Prospect? +

Based on the 2021 Census, the median personal income in Prospect is about $753 per week (around $39,200 per year). The median household income is $1,233 per week and the median family income is $1,756 per week.

What is the age profile of Prospect? +

The median age in Prospect is 43. The largest age group is 25–34 (271 residents, around 14%). Around 21% of residents are under 20 and about 23% are aged 65 or older. (2021 Census)

How much is rent in Prospect? +

In Prospect, the median weekly rent is $290, and the median monthly mortgage repayment is $1,300 (2021 Census).