Over the last year, property investments in Devonport, 7310 have given investors a capital gain of 10.83%. This compares averagely with the 11.35% for TAS as a whole.
Across a shorter period, Devonport, 7310 has seen a median price increase of 4.07% over the last quarter.
Devonport, 7310 is offering TAS ‘s 47th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.21%, investors should hope to achieve an overall return of 5.42%
At number 552th in the list of Australian suburbs ordered by increase in median house value over the last year, Devonport, 7310 is in the top 40% with a property value increase of 7.03% recorded in median house prices.
A 20.97% growth in median value for property investors in Devonport,7310 puts this suburb at number 8th in terms of best performing suburbs in TAS
Vendor discounting in Devonport is giving property investors an average Vendor Discount of around -3.61%. This puts suburb at number 5th in TAS when ranking the most discounted suburbs.
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Devonport, TAS – Housing supply gets a big boost
Median house price: $272,000
Stock on market: 32.1%
12-month growth: 4.6%
Situated within the third-largest city on the Apple Isle, Devonport boasts a wealth of local produce and beautiful coastal views of the Bass Strait, making it popular with residents and visitors alike. Buyers have plenty of stock to choose from, as the supply jumped by 32% in the last 12 months.
Cradle Mountain, one of Tasmania’s most spectacular natural attractions, is a stone’s throw away, and there are several walking trails. There is abundant fun to be had by the water, given Devonport’s proximity to the beach, and there is no shortage of kayakers, fishers and sailors in the area.
You’ll never go hungry in Devonport either, as there’s a smorgasbord of restaurants in town, serving everything from comfort food to contemporary delights.