TAS has seen average median house prices change by 3.25% which means that Devonport, 7310 has done well for property investors by showing a capital gain of -1.92% over the last year
The five-year average increase in median property values for Devonport,7310 has given property investors a potential capital gain of -6.12% across each of those five years.
Sellers are offering property buyers an average discount of -7.34% to buyers in Devonport at the moment, which is less than average for the rest of TAS.
If you compare the increase in value of investment property in Devonport, 7310 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -5.53%.
A -6.63% growth in median value for property investors in Devonport,7310 puts this suburb at number 42th in terms of best performing suburbs in TAS
At number 8th of TAS’s most discounted properties, Devonport is in the bottom 20% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Devonport being $200750 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.96%