Prospect Vale - Blackstone
Statistical Area - sa2

An assessment of population growth drivers in Prospect Vale - Blackstone reveals an overall ranking slightly below national averages considering recent, and medium term trends

Prospect Vale - Blackstone's population is around 7,187 as of Nov 2025. This reflects an increase since the 2021 Census, which reported a population of 6,777 people. The change is inferred from the estimated resident population of 6,923 in June 2024 and an additional 246 validated new addresses since the Census date. This level of population equates to a density ratio of 405 persons per square kilometer. Prospect Vale - Blackstone's growth rate of 6.0% since the 2021 census exceeded the SA3 area (3.9%) and the state, marking it as a growth leader in the region. Population growth was primarily driven by overseas migration.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered, Tasmania State Government's Regional/LGA projections, released in 2022 with 2021 as the base year, are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Moving forward with demographic trends, projections indicate an overall population decline by 252 persons by 2041. However, growth across specific age cohorts is anticipated, led by the 75 to 84 age group, which is projected to increase by 230 people.

AreaSearch analysis of residential development drivers sees Prospect Vale - Blackstone recording a relatively average level of approval activity when compared to local markets analysed countrywide

Prospect Vale - Blackstone has seen approximately 41 dwelling approvals annually over the past five financial years, from FY21 to FY25, with a total of 206 homes approved during this period. In FY26, 18 dwellings have been approved so far. The average new resident per year per dwelling constructed has been around 0.9 over these five years, indicating that supply is meeting or exceeding demand.

The average construction cost value for new properties is $315,000. This financial year has seen $775,000 in commercial approvals, suggesting minimal commercial development activity. Compared to the rest of Tasmania, Prospect Vale - Blackstone has experienced moderately higher new home approvals, at 36.0% above the regional average per person over the five-year period. The area maintains good buyer choice while supporting existing property values, although building activity has slowed in recent years.

New building activity consists of 60.0% detached houses and 40.0% townhouses or apartments, expanding medium-density options to cater to diverse price brackets. This shift from the area's existing housing composition (currently 83.0% houses) indicates decreasing availability of developable sites and reflects changing lifestyles and demand for affordable housing alternatives. The location has approximately 225 people per dwelling approval, suggesting a low density market. With population expected to remain stable or decline, Prospect Vale - Blackstone may experience reduced pressure on housing, potentially creating opportunities for buyers.

Prospect Vale - Blackstone has limited levels of nearby infrastructure activity, ranking in the 9thth percentile nationally

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified 13 projects that may impact this region. Notable projects include Country Club Estate, McDonald's Prospect Vale Drive-Thru Restaurant, Prospect Vale - Blackstone Heights Structure Plan, and Prospect Vale Park Facilities Upgrade. The following list details those likely to have the most relevance.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment environment in Prospect Vale - Blackstone shows above-average strength when compared nationally

Prospect Vale - Blackstone has a skilled workforce with an unemployment rate of 2.2% as of June 2025. It has 3,591 residents in work, which is 1.8% below the Rest of Tas.'s rate of 3.9%.

The workforce participation rate is 60.2%, compared to Rest of Tas.'s 55.7%. Key industries include health care & social assistance, retail trade, and education & training, with retail trade notably concentrated at 1.3 times the regional average. Agriculture, forestry & fishing has limited presence, with 1.6% employment compared to 8.4% regionally. The area offers limited local employment opportunities, as indicated by Census data comparing working population to resident population.

Between June 2024 and June 2025, the labour force decreased by 1.5%, alongside a 1.6% employment decline, resulting in an unemployment rate rise of 0.1 percentage points. National employment forecasts from Jobs and Skills Australia, issued in May 2025, project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Prospect Vale - Blackstone's employment mix suggests local growth of approximately 6.5%% over five years and 13.6% over ten years.

Income levels sit below national averages according to AreaSearch assessment

Prospect Vale - Blackstone's median income among taxpayers was $51,271 and average income stood at $64,481 in the financial year 2022. These figures compare to Rest of Tas.'s median income of $47,358 and average income of $57,384 for the same period. Based on Wage Price Index growth of 13.83% since financial year 2022, current estimates would be approximately $58,362 (median) and $73,399 (average) as of September 2025. According to the 2021 Census, household incomes in Prospect Vale - Blackstone rank between the 26th and 36th percentiles. The largest income bracket comprises 29.2% earning $1,500 - $2,999 weekly, with 2,098 residents falling into this category. This mirrors the surrounding region where 28.5% occupy this bracket. After housing costs, 86.1% of income remains, ranking at the 30th percentile nationally.

Prospect Vale - Blackstone is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Prospect Vale - Blackstone, as per the latest Census, 82.8% of dwellings were houses while 17.2% consisted of semi-detached homes, apartments, and other types. This is similar to Non-Metro Tas., where 82.1% were houses and 17.9% were other dwellings. Home ownership in Prospect Vale - Blackstone stood at 41.6%, with mortgaged properties at 34.8% and rented ones at 23.5%. The median monthly mortgage repayment was $1,500, higher than Non-Metro Tas.'s average of $1,300. Median weekly rent in the area was $300 compared to $280 in Non-Metro Tas. Nationally, Prospect Vale - Blackstone's mortgage repayments were lower at $1,500 versus Australia's average of $1,863, and rents were substantially lower at $300 compared to the national figure of $375.

Prospect Vale - Blackstone features high concentrations of lone person households, with a fairly typical median household size

Family households constitute 68.0% of all households, including 26.5% couples with children, 30.4% couples without children, and 10.5% single parent families. Non-family households account for the remaining 32.0%, with lone person households at 29.9% and group households comprising 2.1%. The median household size is 2.3 people, which aligns with the average in the Rest of Tas.

Prospect Vale - Blackstone faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally

The area has university qualification rates of 18.1%, significantly lower than Australia's average of 30.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 12.7%, followed by postgraduate qualifications (3.7%) and graduate diplomas (1.7%). Trade and technical skills are prominent, with 36.4% of residents aged 15+ holding vocational credentials - advanced diplomas (9.3%) and certificates (27.1%).

A substantial 23.6% of the population is actively pursuing formal education, including 9.3% in primary education, 6.8% in secondary education, and 3.5% in tertiary education. Educational facilities seem to be located outside the immediate catchment boundaries, requiring families to access schools in neighboring areas.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Prospect Vale - Blackstone has 56 active public transport stops. These are served by 148 different routes, offering a total of 12,857 weekly passenger trips. The area's transport accessibility is rated good, with residents located an average of 208 meters from the nearest stop.

Service frequency averages 1,836 trips per day across all routes, equating to approximately 229 weekly trips per individual stop.

Health performance in Prospect Vale - Blackstone is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Prospect Vale - Blackstone faces significant health challenges, as indicated by data from late 2021.

The prevalence of common health conditions is notable across both younger and older age groups, with approximately 52% of residents having private health cover, higher than the average for SA2 areas. Arthritis and mental health issues are the most prevalent medical conditions, affecting 12.0% and 8.8% of residents respectively, as of late 2021. Around 61.7% of residents reported no medical ailments, compared to 63.9% in Rest of Tas.. As of late 2021, 26.4% of residents are aged 65 and over (1,896 people), higher than the 19.9% in Rest of Tas.. Health outcomes among seniors present some challenges, broadly aligning with the general population's health profile.

Prospect Vale - Blackstone is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Prospect Vale-Blackstone showed low cultural diversity, with 87.7% born in Australia, 92.7% being citizens, and 93.7% speaking English only at home. Christianity was the dominant religion, at 53.2%, compared to 42.3% regionally. Top ancestral groups were English (34.8%), Australian (34.0%), and Irish (7.4%).

Dutch representation was higher than average at 1.6%, while Sri Lankan was 0.2% and Australian Aboriginal was 2.1%.

Prospect Vale - Blackstone hosts an older demographic, ranking in the top quartile nationwide

Prospect Vale - Blackstone's median age is 46 years, which is comparable to the Rest of Tasmania's median age of 45 years but significantly higher than Australia's median age of 38 years. The age profile shows that those aged 75-84 years are particularly prominent, making up 10.0% of the population, while those aged 25-34 years make up a smaller proportion at 9.7%, compared to the Rest of Tasmania. Post-2021 Census data reveals that the 75-84 age group has grown from 8.8% to 10.0% of the population, while the 25-34 age group has declined from 10.9% to 9.7%, and the 45-54 age group has dropped from 13.5% to 12.4%. Demographic modeling suggests that Prospect Vale - Blackstone's age profile will evolve significantly by 2041. The 75-84 age cohort is projected to grow steadily, with an increase of 191 people (27%) from 718 to 910. Senior residents aged 65 and above will drive 65% of population growth, highlighting demographic aging trends. Meanwhile, both the 0-4 and 65-74 age groups are projected to decrease in number.