Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $245,000, Annual capital growth 1.03%, Number of sales 287, Weekly median advertised rent $270

Devonport Unit: Median price $222,000, Annual capital growth 2.49%, Number of sales 83, Weekly median advertised rent $235

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 6.52% for the last year, Devonport, 7310 is the 1909th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Devonport has given property investors a paper return of 2.94%. This puts Suburb as 87 on a list of fastest fasting appreciating suburbs in TAS

Property investors looking for a bargain in Devonport should be aiming for at least -4.93% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $270 mark per week – giving a return of 5.73% based on the median price in Suburb

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 6.22%

Across a shorter period, Devonport, 7310 has seen a median price increase of 1.37% over the last quarter.

Vendor discounting in Devonport is giving property investors an average Vendor Discount of around -5.06%. This puts suburb at number 18th in TAS when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Devonport the average time real estate has been on the market is 106.8 days.

With the median price for a house in Devonport being $222000 and the advertised rent reaching $235 the gross rental yield for property investors calculates out to be 5.50%

Metrics i HOUSE UNIT
$245,000 $222,000
2.94% 1.37%
6.52% 6.22%
1.03% 2.49%
$270 $235
287 83
5.73% 5.50%
89.32 106.8

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14009
Median household income ($/weekly) 787
Median age of persons 41
Median housing loan repayment ($/monthly) 1268
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1660 11.8
    25-34 years 1582 11.3
    35-44 years 1690 12.1
    45-54 years 1817 13.0
    55-64 years 1741 12.4
    Others 5521 39.4
    Age Group
    Census Count Percent(%)
    Not Married 4590 45.0
    Registered Married 4487 43.9
    Defacto Relationship 1133 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12081 90.7
    New Zealand 57 0.4
    Papua New Guinea 119 0.9
    United Kingdom 596 4.5
    Other 115 0.9
    Others 346 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 59 0.5
    Christianity 8472 67.4
    Hinduism 42 0.3
    Other Religious Groups 52 0.4
    No Religion 3914 31.1
    Others 29 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 694 13.2
    $400-$599 899 17.1
    $600-$799 673 12.8
    $800-$999 576 10.9
    $1,500-$1,999 504 9.6
    Others 1919 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4936 45.1
    Employed, worked full-time 3181 29.1
    Employed, worked part-time 1966 18.0
    Unemployed, looking for work 484 4.4
    Employed, away from work 372 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 846 15.3
    Technicians & trades workers 857 15.5
    Community & personal service workers 694 12.6
    Clerical & administrative workers 700 12.7
    Labourers 736 13.3
    Others 1686 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 126 4.6
    Infants/Primary 1112 41.0
    Secondary 769 28.3
    Technical or Further Educational Institution 454 16.7
    University or other Tertiary Institutions 200 7.4
    Others 54 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11362 87.9
    Semi-detached, row or terrace house, townhouse 888 6.9
    Flat, unit or apartment 642 5.0
    House or flat attached to a shop, office 25 0.2
    Caravan, cabin, houseboat 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2021 35.8
    Rented 1990 35.2
    Being purchased 1595 28.2
    Other tenure type 44 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals