Devonport Property Investment Guide 2026
low riskTAS 7310 · Regional Minor
Devonport Investment Profile
Devonport is a minor regional suburb in Tasmania (postcode 7310), home to a population of 26,000 residents.
With strong rental yields around 4. 94% and significant infrastructure spending like the $55M hospital expansion, this location offers solid potential for investors. The combination of decent growth and high yield scores makes this a suitable option for balanced investors seeking both income and capital appreciation.
This suburb carries a low risk profile, making it suitable for conservative investors seeking stable, long-term returns.
The suburb offers houses, apartments, townhouses for investors.
Source: Government Data, SQM Research Weekly Rents, updated 2026-08-01T19:18:22.028+00:00.
Price & Growth Analysis
Median Prices
- House: $400,000
- Unit: $270,000
- Townhouse: $320,000
Capital Growth
- 5-year annual growth: 8.0% p.a.
- 10-year annual growth: 4.5% p.a.
At current growth rates, a house purchased at the median price of $400,000 could be worth approximately $587,731 in 5 years and $621,188 in 10 years. These are estimates based on historical growth rates and actual results may vary.
Source: Government Data, SQM Research Weekly Rents, updated 2026-08-01T19:18:22.028+00:00.
Rental Yield & Market Conditions
Weekly Rents
- House: $540/week ($28,080/year)
- Unit: $452/week ($23,504/year)
Yield & Market Metrics
- Gross rental yield: 7.02%
- Vacancy rate: 1.3%
- Days on market: 25 days
A vacancy rate of 1.3% indicates a very tight rental market with strong demand. Properties typically sell within 25 days, indicating strong buyer demand.
Source: Government Data, SQM Research Weekly Rents, updated 2026-08-01T19:18:22.028+00:00.
Demographics & Community Profile
| Metric | Value |
|---|---|
| Population | 26,000 |
| Median age | 42 |
| Median household income | $60,000/year |
| Unemployment rate | 5.5% |
| Owner-occupier ratio | 60% |
The suburb has lower household incomes, which may limit rental growth potential. Owner-occupier ratio: 60%, reflecting high owner-occupier ratio, which typically supports price stability.
Source: Government Data, SQM Research Weekly Rents, updated 2026-08-01T19:18:22.028+00:00.
Growth Drivers & Infrastructure
Key Growth Drivers
- Spirit of Tasmania terminal
- Affordable entry
- Northwest coast hub
Infrastructure Projects
- Devonport Airport Upgrade (transport, $50m, planned)
- Devonport Hospital Expansion (health, $55m, under_construction)
Major infrastructure investment is a strong indicator of future growth. Devonport benefits from 2 notable projects that could drive demand and property values.
Risk Assessment
Risk Level: Low
Price Stability: N/A
Volatility: N/A
Identified Risks
- Aging and declining population
- Limited employment diversity
- Competition from Burnie
With a price stability score of N/A, Devonport demonstrates unavailable price stability data.
Investment Verdict
Score Breakdown
- Growth Score: 2.0/10
- Yield Score: 9.0/10
- Hybrid Score: 6.0/10
Devonport scores strongest in rental yield, with a hybrid score of 6.0/10.
Best suited for yield-focused investors seeking strong rental returns and positive cashflow, particularly those who need the rental income to service their loan.
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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