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%