Giving property investors a a stable capital gain of 20.97% for the last year, Devonport, 7310 is the 1442th highest performer in Australia in this respect.
A 36.36% growth in median value for property investors in Devonport,7310 puts this suburb at number 112th in terms of best performing suburbs in TAS
Devonport, 7310 is offering TAS ‘s 113th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
Often selling an investment property can take time, and in Devonport the average time real estate has been on the market is 52.8889 days.
A $585 per week rent on the median house gives suburb investors a gross yield of circa 2.03%, without taking into account capital value appreciation, which has been averaging out at 7.79%.
Over the last year, property investments in Devonport, 7310 have given investors a capital gain of 18.24%. This compares averagely with the 18.47% for TAS as a whole.
Over the longer term, Devonport has seen property prices show investors a 23.67% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Devonport are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
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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.