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%