Devonport has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 5.97% to date .
While Devonport,7310 ranked number 110th in TAS for increase in median house value (annualised) increase, it is ranked 146th over the last 5 years.
Devonport7310 is located in TAS which offers an average discount of -4.10% to property investors. Devonport itself is showing figures that indicate -3.89% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Devonport have been waiting around 65.6011 days to sell a property.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
Investment property in Devonport has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.55%
While Devonport,7310 ranked number 29th in TAS for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.
Vendor discounting in Devonport is giving property investors an average Vendor Discount of around -4.58%. This puts suburb at number in TAS when ranking the most discounted suburbs.
Devonport is 33th on a list of best yielding suburbs for rents in TAS with a 5.03% return
Information supplied by:
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.