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%.