Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $221,875, Annual capital growth 1.72%, Number of sales 259, Weekly median advertised rent $265

Devonport Unit: Median price $200,750, Annual capital growth 2.39%, Number of sales 70, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Devonport, 7310 ranked 156th 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

The five-year average increase in median property values for Devonport,7310 has given property investors a potential capital gain of -7.17% across each of those five years.

Property investors looking for a bargain in Devonport should be aiming for at least -7.00% off the asking price, which is the average vendor discount being achieved at the moment.

Property value increases in Devonport have tracked just lower than the TAS average of 0.89% over the last 12 months.

While Devonport,7310 ranked number 29th in TAS for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.

Devonport7310 is located in TAS which offers an average discount of -5.48% to property investors. Devonport itself is showing figures that indicate -6.68% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Devonport the average time real estate has been on the market is 114.39 days.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 6.22%, without taking into account capital value appreciation, which has been averaging out at 2.39%.

HOUSE UNIT
$221,875 $200,750
-2.26% 0.38%
-7.55% -6.19%
1.72% 2.39%
$265 $240
259 70
6.21% 6.22%
110.03 114.39

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
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Recent sales & rentals