Devonport vs Launceston: Property Investment Comparison 2026
Side-by-side investment comparison to help you decide which suburb suits your investment goals.
Devonport
lowTAS 7310
Launceston
mediumTAS 7250
Overview
This guide compares Devonport (TAS, 7310) and Launceston (TAS, 7250) as property investment options.
| Feature | Devonport | Launceston |
|---|---|---|
| State | TAS | TAS |
| Region | Regional Minor | Regional Major |
| Risk Level | Low | Medium |
| Hybrid Score | 6.0/10 | 6.0/10 |
Price Comparison
| Price Metric | Devonport | Launceston |
|---|---|---|
| Median House | $400,000 | $470,000 |
| Median Unit | $270,000 | $310,000 |
| Median Townhouse | $320,000 | $380,000 |
Devonport offers a lower entry price, approximately $70,000 (15%) cheaper at the median level.
Rental Yield Comparison
| Yield Metric | Devonport | Launceston |
|---|---|---|
| Gross Yield | 7.02% | 6.67% |
| House Rent/wk | $540 | $603 |
| Unit Rent/wk | $452 | $479 |
| Vacancy Rate | 1.3% | 1.5% |
| Days on Market | 25 | 28 |
Devonport offers the higher gross yield at 7.02%, a difference of 0.35 percentage points.
Growth Comparison
| Growth Metric | Devonport | Launceston |
|---|---|---|
| 5yr Growth p.a. | 8.0% | 7.5% |
| 10yr Growth p.a. | 4.5% | 5.0% |
| Growth Score | 2.0/10 | 3.0/10 |
Devonport has demonstrated stronger recent growth at 8.0% p.a. over the past 5 years.
Demographics Comparison
| Demographic | Devonport | Launceston |
|---|---|---|
| Population | 26,000 | 70,000 |
| Median Age | 42 | 40 |
| Household Income | $60,000 | $66,000 |
| Unemployment | 5.5% | 5.0% |
| Owner-Occupier | 60% | 58% |
Risk Comparison
| Risk Metric | Devonport | Launceston |
|---|---|---|
| Risk Level | Low | Medium |
| Price Stability | N/A | N/A |
| Volatility | N/A | N/A |
Devonport risks: Aging and declining population; Limited employment diversity; Competition from Burnie
Launceston risks: Aging population; Limited employment diversity; Seasonal tourism dependence
Investment Verdict
Who should invest where?
Growth seekers may prefer investigating Launceston (growth score 3.0/10, 5yr growth 7.5% p.a.). This suburb is better positioned for capital appreciation over a longer holding period.
Yield hunters may prefer investigating Devonport (yield score 9.0/10, gross yield 7.02%). This suburb provides stronger rental returns and better cashflow potential.
Balanced investors seeking both growth and income may prefer Launceston (hybrid score 6.0/10), which offers the best overall combination of metrics.
This information is general in nature and does not constitute personal financial advice. Investment decisions should be based on your individual circumstances. Consider seeking professional advice before making any property investment.
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