Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $276,000, Annual capital growth 1.77%, Number of sales 314, Weekly median advertised rent $300

Devonport Unit: Median price $247,500, Annual capital growth 1.12%, Number of sales 74, Weekly median advertised rent $235

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Devonport, 7310 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 6.15%.

A 21.19% growth in median value for property investors in Devonport,7310 puts this suburb at number 84th in terms of best performing suburbs in TAS

The most recent median price for Devonport is $276000, with sellers offering an average of -4.70% off the asking price.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.65%, without taking into account capital value appreciation, which has been averaging out at 1.77%.

Devonport has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 8.32% to date .

The five-year average increase in median property values for Devonport,7310 has given property investors a potential capital gain of 5.32% across each of those five years.

Sellers are offering property buyers an average discount of -5.31% to buyers in Devonport at the moment, which is less than average for the rest of TAS.

Devonport, 7310’s gross rental yield is 4.94%

Information supplied by:




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Devonport, TAS – Housing supply gets a big boost

Postcode: 7310

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.

Metrics i HOUSE UNIT
$276,000 $247,500
1.47% 0.00%
6.15% 8.32%
1.77% 1.12%
$300 $235
314 74
5.65% 4.94%
61.7668161434978 84.2727272727273

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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
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