Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $228,000, Annual capital growth 1.99%, Number of sales 256, Weekly median advertised rent $265

Devonport Unit: Median price $211,500, Annual capital growth 2.57%, Number of sales 64, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 3517th in the list of Australian suburbs ordered by increase in median house value over the last year, Devonport, 7310 is in the BOTTOM 20% with a property value increase of -5.00% recorded in median house prices.

Over the longer term, Devonport has seen property prices show investors a 1.33% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Devonport, 7310. Typically our figures indicate that -7.05% is being offered, which puts this TAS suburb at 1226th most discounted overall in Australia.

Residents and property investors in Devonport have been waiting around 103.94 days to sell a property.

With a capital gain of 0.59% for the last 12 months, Devonport, 7310 has performed for property investments than its average annual 2.57% property growth over the last 5 years.

A -3.86% growth in median value for property investors in Devonport,7310 puts this suburb at number 13th in terms of best performing suburbs in TAS

Devonport7310 is located in TAS which offers an average discount of -5.71% to property investors. Devonport itself is showing figures that indicate -5.76% is the average achievable by property buyers investing in the suburb.

In the last year 64 properties changed hands in Devonport, which puts it as the 4th most active market in TAS when comparing the number of sales per suburb.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 2.57%, investors should hope to achieve an overall return of 5.65%

Metrics i HOUSE UNIT
$228,000 $211,500
1.45% 5.75%
-5.00% 0.59%
1.99% 2.57%
$265 $230
256 64
6.04% 5.65%
103.94 107.71

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 14009
Median household income ($/weekly) 787
Median age of persons 41
Median housing loan repayment ($/monthly) 1268
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1660 11.8
    25-34 years 1582 11.3
    35-44 years 1690 12.1
    45-54 years 1817 13.0
    55-64 years 1741 12.4
    Others 5521 39.4
    Age Group
    Census Count Percent(%)
    Not Married 4590 45.0
    Registered Married 4487 43.9
    Defacto Relationship 1133 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12081 90.7
    New Zealand 57 0.4
    Papua New Guinea 119 0.9
    United Kingdom 596 4.5
    Other 115 0.9
    Others 346 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 59 0.5
    Christianity 8472 67.4
    Hinduism 42 0.3
    Other Religious Groups 52 0.4
    No Religion 3914 31.1
    Others 29 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 694 13.2
    $400-$599 899 17.1
    $600-$799 673 12.8
    $800-$999 576 10.9
    $1,500-$1,999 504 9.6
    Others 1919 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4936 45.1
    Employed, worked full-time 3181 29.1
    Employed, worked part-time 1966 18.0
    Unemployed, looking for work 484 4.4
    Employed, away from work 372 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 846 15.3
    Technicians & trades workers 857 15.5
    Community & personal service workers 694 12.6
    Clerical & administrative workers 700 12.7
    Labourers 736 13.3
    Others 1686 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 126 4.6
    Infants/Primary 1112 41.0
    Secondary 769 28.3
    Technical or Further Educational Institution 454 16.7
    University or other Tertiary Institutions 200 7.4
    Others 54 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11362 87.9
    Semi-detached, row or terrace house, townhouse 888 6.9
    Flat, unit or apartment 642 5.0
    House or flat attached to a shop, office 25 0.2
    Caravan, cabin, houseboat 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2021 35.8
    Rented 1990 35.2
    Being purchased 1595 28.2
    Other tenure type 44 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals