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