Devonport (postcode 7310) is a settled mid-to-large suburb in Tasmania within the Devonport local government area. With a population of 14,481, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $57K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Devonport stand at $463,000, having softened modestly by 0.5% over the last twelve months. Units have a median price of $400,000 (-3.6% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,192.
Devonport is served by 9 schools, including 4 primary, 4 secondary, 1 special. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 64 bus stops.
On the investment side, Devonport shows a gross rental yield of approximately 5.4%, rated as high yield. Property prices sit below the state median ($463K/$750K), which can point to relative value. The price-to-income ratio of 8.1x is considered moderate. House prices have moved -0.5% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.