Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $227,000, Annual capital growth 1.98%, Number of sales 271, Weekly median advertised rent $265

Devonport Unit: Median price $195,750, Annual capital growth 2.11%, Number of sales 65, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Devonport, 7310 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.40%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Devonport has fallen somewhat when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Devonport is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 52th in terms of most discounted suburbs in TAS

In the last year 271 properties changed hands in Devonport, which puts it as the 1st most active market in TAS when comparing the number of sales per suburb.

Advertised rents are around the $265 mark per week – giving a return of 6.07% based on the median price in Suburb

TAS has seen average median house prices change by 2.96% which means that Devonport, 7310 has done well for property investors by showing a capital gain of -7.67% over the last year

Devonport,7310 was ranked 1390 in Australia by increase in median property value over the quarter.

Property buyers and investors in Devonport 7310 should be seeing an average reduction in asking price of around -6.92% . This means that Devonport is holding prices well when compared to other suburbs in TAS.

Devonport is 7th on a list of best yielding suburbs for rents in TAS with a 6.38% return

HOUSE UNIT
$227,000 $195,750
-1.30% -3.21%
-3.40% -7.67%
1.98% 2.11%
$265 $240
271 65
6.07% 6.38%
116.3 107.97

Source: CoreLogic

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