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 2.61%.
Taking the average capital gain, or increase in median house value, Devonport,7310 has racked up an average of 2.61% over the period. This ranks it number 3164th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Devonport is $236000, with sellers offering an average of -2.55% off the asking price.
Residents and property investors in Devonport have been waiting around 6.9 days to sell a property.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.34%, investors should hope to achieve an overall return of 5.95%
TAS has seen average median house prices change by 7.28% which means that Devonport, 7310 has done well for property investors by showing a capital gain of 9.50% over the last year
Devonport,7310 has offered an average of 9.50% return per annum in house price rises to property investors over the last three years.