If you compare the increase in value of investment property in Devonport, 7310 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.60%.
The five-year average increase in median property values for Devonport,7310 has given property investors a potential capital gain of 19.03% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Devonport is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 83th in terms of most discounted suburbs in TAS
Devonport, 7310’s gross rental yield is 5.61%
Over the last year, property investments in Devonport, 7310 have given investors a capital gain of 1.33%. This compares badly with the 4.82% for TAS as a whole.
Across a shorter period, Devonport, 7310 has seen a median price increase of 1.33% over the last quarter.
Our latest figures would indicate that property sellers in Devonport are currently offering property investors an average price cut of -5.42% below the asking price at the moment.