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.