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Prospect is a small suburb of Launceston.
The Mount Pleasant Laboratories are Tasmanian government laboratories located in Prospect and include:
Diagnostic Services - Researching the Tasmanian devil facial tumor disease
Animal Health Laboratory
Water Microbiology Laboratory
Veterinary Pathology and Fish Microbiology
Seed Laboratory and CertificationA 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 Supa 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.