East Devonport (postcode 7310) is a smaller residential area in Tasmania within the Devonport local government area. It is home to about 4,384 residents, with an established demographic and a median age of 44. Households earn a median income of $47K 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 labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in East Devonport is $473,000, having risen by 3.1% over the past year. Units have a median price of $363,000 (+34.3% YoY). The current median weekly rent is $505. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,059.
East Devonport is served by 1 school, including 1 primary. The average ICSEA score is 834, which is well below the national average of 1,000. Public transport access includes 23 bus stops.
From an investment perspective, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices sit below the state median ($473K/$750K), which can point to relative value. The price-to-income ratio of 10.1x is considered stretched. House prices have moved +3.1% 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.