Property value increases in Devonport have tracked just lower than the TAS average of 11.42% over the last 12 months.
Over the longer term, Devonport has seen property prices show investors a 8.19% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.17% to buyers in Devonport at the moment, which is less than average for the rest of TAS.
Residents and property investors in Devonport have been waiting around 86.96 days to sell a property.
If you compare the increase in value of investment property in Devonport, 7310 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -1.83%.
If we look at median property appreciation over just the last three months, Devonport has given property investors a paper return of -2.71%. This puts Suburb as 51 on a list of fastest fasting appreciating suburbs in TAS
The most recent median price for Devonport is $215000, with sellers offering an average of -4.77% off the asking price.
Often selling an investment property can take time, and in Devonport the average time real estate has been on the market is 104.54 days.
Renters in Suburb are facing rents around $12272 per annum or $236 every week.