Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $266,000, Annual capital growth 1.86%, Number of sales 329, Weekly median advertised rent $290

Devonport Unit: Median price $225,000, Annual capital growth -0.10%, Number of sales 84, Weekly median advertised rent $240

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

TAS has seen average median house prices change by 7.76% which means that Devonport, 7310 has done well for property investors by showing a capital gain of 6.43% over the last year

Over the longer term, Devonport has seen property prices show investors a 12.77% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Devonport should be aiming for at least -4.59% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $15080 per annum or $290 every week.

Investment property in Devonport has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.40%

Across a shorter period, Devonport, 7310 has seen a median price increase of -0.78% over the last quarter.

Sellers are offering property buyers an average discount of -5.00% to buyers in Devonport at the moment, which is less than average for the rest of TAS.

At number 1096 in a list of fastest selling suburbs, Devonport is in the bottom 20% of suburbs in Australia with an average of days on market 95.66 for properties listed there.

Advertised rents are around the $240 mark per week – giving a return of 5.57% based on the median price in Suburb

Metrics i HOUSE UNIT
$266,000 $225,000
-0.09% -0.78%
6.43% -2.40%
1.86% -0.10%
$290 $240
329 84
5.69% 5.57%
60.108334 95.66

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14009
Median household income ($/weekly) 787
Median age of persons 41
Median housing loan repayment ($/monthly) 1268
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1660 11.8
    25-34 years 1582 11.3
    35-44 years 1690 12.1
    45-54 years 1817 13.0
    55-64 years 1741 12.4
    Others 5521 39.4
    Age Group
    Census Count Percent(%)
    Not Married 4590 45.0
    Registered Married 4487 43.9
    Defacto Relationship 1133 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12081 90.7
    New Zealand 57 0.4
    Papua New Guinea 119 0.9
    United Kingdom 596 4.5
    Other 115 0.9
    Others 346 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 59 0.5
    Christianity 8472 67.4
    Hinduism 42 0.3
    Other Religious Groups 52 0.4
    No Religion 3914 31.1
    Others 29 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 694 13.2
    $400-$599 899 17.1
    $600-$799 673 12.8
    $800-$999 576 10.9
    $1,500-$1,999 504 9.6
    Others 1919 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4936 45.1
    Employed, worked full-time 3181 29.1
    Employed, worked part-time 1966 18.0
    Unemployed, looking for work 484 4.4
    Employed, away from work 372 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 846 15.3
    Technicians & trades workers 857 15.5
    Community & personal service workers 694 12.6
    Clerical & administrative workers 700 12.7
    Labourers 736 13.3
    Others 1686 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 126 4.6
    Infants/Primary 1112 41.0
    Secondary 769 28.3
    Technical or Further Educational Institution 454 16.7
    University or other Tertiary Institutions 200 7.4
    Others 54 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11362 87.9
    Semi-detached, row or terrace house, townhouse 888 6.9
    Flat, unit or apartment 642 5.0
    House or flat attached to a shop, office 25 0.2
    Caravan, cabin, houseboat 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2021 35.8
    Rented 1990 35.2
    Being purchased 1595 28.2
    Other tenure type 44 0.8
    Tenure Type
Census 2011, ABS
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