Prospect is a residential locality in the local government area (LGA) of Launceston in the Launceston LGA region of Tasmania. The locality is about 8 km south of the town of Launceston. The 2016 census recorded a population of 1722 for the state suburb of Prospect. It is a suburb of Launceston. The Mount Pleasant Laboratories are Tasmanian government laboratories located in Prospect and include: A sawmill, stonemason, Tasmanian Independent Retailers state distribution centre dominate the area. There are a number of restaurants and shops along Westbury Road - Prospect's main commercial corridor - including IGA. The Silverdome Complex is a multi use facility incorporating an indoor cycling track, netball courts and concert seating. The home of the Tasmanian Institute of Sport offices.

History

Prospect was gazetted as a locality in 1963.

Geography

The Midland Highway forms most of the eastern boundary.

Road infrastructure

National Route 1 (Midland Highway) runs through the north-east corner, and the Bass Highway runs through to the west.