Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $226,500, Annual capital growth 1.89%, Number of sales 264, Weekly median advertised rent $265

Devonport Unit: Median price $198,250, Annual capital growth 2.19%, Number of sales 63, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Devonport, 7310 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -3.62%.

Taking the average capital gain, or increase in median house value, Devonport,7310 has racked up an average of -3.62% over the period. This ranks it number 3421th in the whole country for real estate investors looking at median house price increases.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.18% offered to property buyers. Sellers in Devonport itself are offering an average vendor discount of -7.04% to real estate investors.

With a capital gain of -6.92% for the last 12 months, Devonport, 7310 has performed for property investments than its average annual 2.19% property growth over the last 5 years.

Devonport,7310 has offered an average of -6.92% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Devonport are currently offering property investors an average price cut of -6.91% below the asking price at the moment.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

HOUSE UNIT
$226,500 $198,250
-1.52% -0.88%
-3.62% -6.92%
1.89% 2.19%
$265 $240
264 63
6.08% 6.30%
112.97 112.22

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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