Median price · 7 years
Rolling 12-month median, all dwellings
$510,000+2.5% past 12 months
2020202120222023202420252026
Devonport
Mixed signals Growth score 52 Top 96% of sample
Risk score 47 Medium · lower is better
Stability score 72 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Weak · 41
Listing scarcity15% Weak · 48
Rental demand14% Moderate · 57
Days on market12% Weak · 46
Infrastructure investment11% Strong · 70
Jobs access10% Moderate · 61
Population growth8% Moderate · 63
Income growth7% Weak · 39
New supply pressure5% · negative Elevated · 36
Key metrics vs benchmarks
TAS column is the sample-state average; national is the whole sample.
| Metric | Devonport | TAS | National |
|---|---|---|---|
| Median price | $510,000 | $763,500 | $734,203 |
| 12-month growth | +2.5% | +6.1% | +8.4% |
| Gross rental yield | 4.5% | 3.9% | 4.0% |
| Vacancy rate | 1.0% | 1.0% | 1.3% |
| Days on market | 35 | 32 | 31 |
| Auction clearance | 50% | 58% | 62% |
| New supply pipeline | Elevated | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
47Medium risk
New supply pipelineApproved dwellings vs existing stock Moderate · 36
Employment concentrationShare of jobs in the top two industries Moderate · 47
Price volatility, 5 yearsLargest peak-to-trough drawdown Moderate · 46
Vacancy pressureCurrent vacancy vs 2% threshold Low · 18
Hazard exposureFlood, bushfire and storm surge overlays Low · 30
Who lives here
ABS Census, latest release, aggregated to suburb
25,000population 42median age 62%owner-occupied 38%renting
Owner-occupiedRenting
Devonport is a North-West Coast port city and the home of the Spirit of Tasmania terminal. The $240M port upgrade and LIVING CITY precinct are transforming the CBD and waterfront area.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Spirit of Tasmania terminal relocation
- Port of Devonport upgrade ($240M)
- LIVING CITY precinct ($200M)
- North-West regional hospital
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