Suburb Profile Report for Devonport TAS (7310)

Devonport House: Median price $265,000, Annual capital growth 1.74%, Number of sales 327, Weekly median advertised rent $290

Devonport Unit: Median price $223,000, Annual capital growth 0.23%, Number of sales 93, Weekly median advertised rent $240

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

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

  • House Report
  • Unit Report

Devonport is in the bottom 40% in TAS when comparing median price capital growth over the last year. Devonport gave property investors a disappointing capital gain figure when compared to the rest of the state, with 8.92%.

If we look at median property appreciation over just the last three months, Devonport has given property investors a paper return of 0.96%. This puts Suburb as 120 on a list of fastest fasting appreciating suburbs in TAS

The most recent median price for Devonport is $262500, with sellers offering an average of -5.19% off the asking price.

Situated 206.34km from the CBD, Devonport is one of Devonport (C) localities in the postcode 7310.

Over the last year, property investments in Devonport, 7310 have given investors a capital gain of 3.08%. This compares badly with the 7.81% for TAS as a whole.

Taking the average capital gain, or increase in median house value, Devonport,7310 has racked up an average of 3.08% over the period. This ranks it number 975th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Devonport is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in TAS

In the last year 103 properties changed hands in Devonport, which puts it as the 2nd most active market in TAS when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $12480 per annum or $240 every week.

Metrics i HOUSE UNIT
$265,000 $223,000
1.92% -1.76%
7.03% -0.89%
1.74% 0.23%
$290 $240
327 93
5.69% 5.60%
62.452175 92.96154

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

DSR Score for property investment : Very 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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