Devonport is in the bottom 40% in TAS when comparing median price capital growth over the last year. Devonport gave property investors a disappointing capital gain figure when compared to the rest of the state, with 8.92%.
If we look at median property appreciation over just the last three months, Devonport has given property investors a paper return of 0.96%. This puts Suburb as 120 on a list of fastest fasting appreciating suburbs in TAS
The most recent median price for Devonport is $262500, with sellers offering an average of -5.19% off the asking price.
Situated 206.34km from the CBD, Devonport is one of Devonport (C) localities in the postcode 7310.
Over the last year, property investments in Devonport, 7310 have given investors a capital gain of 3.08%. This compares badly with the 7.81% for TAS as a whole.
Taking the average capital gain, or increase in median house value, Devonport,7310 has racked up an average of 3.08% over the period. This ranks it number 975th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Devonport is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in TAS
In the last year 103 properties changed hands in Devonport, which puts it as the 2nd most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $12480 per annum or $240 every week.