REDBANK PLAINS 
2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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East DevonportEast Devonport - SUBURB PROFILE REPORT
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EAST DEVONPORT, 7310 ranks 732nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 33.95% 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 $355,000.
The upward trend in home prices in EAST DEVONPORT, 7310 averaged 16.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $345 mark, reflecting a 5.05% increase in returns based on the current median price in EAST DEVONPORT.
An average of 7 real estate transactions take place per month in EAST DEVONPORT which translates to 84 per annum.
84 properties were sold in EAST DEVONPORT in 2016, making it the 6th most active market in TAS based on total real estate transactions.
EAST DEVONPORT, 7310 places 117th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $355,000 | $220,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.41% | 0% |
| Median 12 month | 33.95% | N/A |
| Median 3 years | 49.79% | N/A |
| Median 5 years | 85.86% | 41.94% |
| 10 years average annual | 6.45% | 23.13% |
| Weekly media advert. rent | $345 | $260 |
| Time on Market | 25.7 days | 64.5 days |
| Gross Rental Yield Percent | 5.05% | 6.15% |
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