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Devonport
AREA REPORTS

Devonport

Devonport - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7310

house
unit

Based on its average 5-year and quarterly capital gains DEVONPORT, 7310 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that DEVONPORT, 7310 obtained a 4.14% growth over a ten-year period. It ranks 2447th on our list of suburbs that property investors should look into.

DEVONPORT, 7310 in TAS belongs to the local government area of Devonport (C).

DEVONPORT, 7310 has a capital gain of 21.69% for the past year, which is higher than average compared to its 52.77% growth within a five-year period.

With the median home price in DEVONPORT sitting at $359,000, and the average rent at $325, property owners could potentially earn a 4.71% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in DEVONPORT are low, as opposed to average gains per annum over the past five years.

A 21.69% increase in median property prices in DEVONPORT, 7310 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 71st.

Data report can be found below

Devonport
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $359,000 $297,500
GROWTH REPORT
Median Quarterly 5.12% 6.63%
Median 12 month 21.69% 14.64%
Median 3 years 41.06% 31.35%
Median 5 years 52.77% 41.67%
10 years average annual 4.14% 3.06%
Weekly media advert. rent $325 $250
Time on Market 39.6 days 36.0 days
Gross Rental Yield Percent 4.71% 4.37%
demographics (median values)*
Total Population
27101
Weekly Household Income
967
Household Size
2.30
Age
43
Monthly Loan Repayment
1200
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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