East Devonport

POSTAL CODE: TAS, 7310
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EAST DEVONPORT, 7310 ranks 260th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 25.51% for property investors.

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $489,500.

The upward trend in home prices in EAST DEVONPORT, 7310 averaged 5.06% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.78% increase in returns based on the current median price in EAST DEVONPORT.

An average of 6.67 real estate transactions take place per month in EAST DEVONPORT which translates to 80 per annum.

80 properties were sold in EAST DEVONPORT in 2016, making it the 12th most active market in TAS based on total real estate transactions.

EAST DEVONPORT, 7310 places 24th in Australia based on median property value growth during the quarter.

Surburb overview

East Devonport, with the postcode 7310, is a suburb located on the eastern bank of the Mersey River, directly opposite the central business district of Devonport in Tasmania. Known for its vibrant community, coastal charm, and accessibility, East Devonport is an integral part of the broader Devonport area. The population of East Devonport is around 5,000 residents, comprising a mix of families, professionals, and retirees, contributing to a diverse and lively community.

East Devonport falls under the jurisdiction of the Devonport City Council, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, offering regular services within East Devonport and to the main areas of Devonport. The suburb is easily accessible by road via the Bass Highway and is home to the Spirit of Tasmania ferry terminal, which provides regular sailings to Melbourne.

Educational facilities in East Devonport include East Devonport Primary School, providing foundational education for young children. For secondary education, students often attend Devonport High School, Reece High School, or St Brendan-Shaw College, all of which are located in the broader Devonport area. The region also offers further educational opportunities at the Devonport campus of TasTAFE and the University of Tasmania’s Cradle Coast campus.

East Devonport offers a range of shopping and essential services, with several local shops, cafes, and dining options available within the suburb. The nearby Devonport CBD provides more extensive shopping and services, including supermarkets, retail stores, restaurants, and entertainment facilities, ensuring residents have convenient access to all necessary amenities.

Recreational activities in East Devonport are plentiful, with numerous parks, beaches, and green spaces enhancing the suburb's appeal. The East Devonport Beach is a popular destination for swimming, sunbathing, and picnicking. The Mersey Bluff and its scenic walking trails offer stunning views of the coastline and opportunities for outdoor activities.

The suburb's coastal location allows for various water-based activities such as fishing, boating, and kayaking. The nearby Devonport Oval and East Devonport Recreation Centre provide facilities for sports and community events, contributing to the active lifestyle of the residents.

East Devonport benefits from its proximity to the cultural and recreational attractions of Devonport, including the Devonport Regional Gallery, the Paranaple Arts Centre, and the Devonport Entertainment and Convention Centre. These venues host a range of cultural events, performances, and exhibitions, adding to the vibrant community life.

The presence of the Spirit of Tasmania ferry terminal in East Devonport makes it a key gateway for visitors travelling to and from Tasmania, boosting the local economy and providing employment opportunities. The suburb's strategic location and transport links make it an important hub for both residents and tourists.

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