At number 872th in the list of Australian suburbs ordered by increase in median house value over the last year, Devonport, 7310 is in the top 30% with a property value increase of 7.55% recorded in median house prices.
A 22.71% growth in median value for property investors in Devonport,7310 puts this suburb at number 78th in terms of best performing suburbs in TAS
Our latest figures would indicate that property sellers in Devonport are currently offering property investors an average price cut of -5.12% below the asking price at the moment.
At number 165th in the list of Australian suburbs ordered by increase in median house value over the last year, Devonport, 7310 is in the top 20% with a property value increase of 14.89% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Devonport,7310 has racked up an average of 14.89% over the period. This ranks it number 269th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Devonport is $258500, with sellers offering an average of -4.54% off the asking price.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
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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.