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