Devonport, 7310 ranked 139th in TAS when comparing growth in median property values or capital gain over the last 12 months. Devonport is one of 606 in our list for TAS
Over the longer term, Devonport has seen property prices show investors a 3.65% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Devonport is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 95th in terms of most discounted suburbs in TAS
With the median price for a house in Devonport being $234000 and the advertised rent reaching $267.5 the gross rental yield for property investors calculates out to be 5.94%
TAS has seen average median house prices change by 4.47% which means that Devonport, 7310 has done well for property investors by showing a capital gain of 6.05% over the last year
While Devonport,7310 ranked number 11th in TAS for increase in median house value (annualised) increase, it is ranked 31th over the last 5 years.
Property buyers and investors in Devonport 7310 should be seeing an average reduction in asking price of around -5.26% . This means that Devonport is holding prices well when compared to other suburbs in TAS.
Often selling an investment property can take time, and in Devonport the average time real estate has been on the market is 116.79 days.
Renters in Suburb are facing rents around $2760 per annum or $230 every week.