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Suburb Insights ยท TAS 7310

Devonport 7310, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Devonport is a regional centre in Tasmania, Australia, with a population of approximately 14,481, making it a smaller community. Located approximately 206 km from the Hobart CBD, Devonport is a regional area in Tasmania. The median household income is $56,836 AUD per year (ABS 2021 Census).

Investment Score

36 / 100 Weak

Devonport's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Devonport, Tasmania, Australia.

Key Indicators

Postcode
7310

Official Australia Post postcode for Devonport. A postcode may cover multiple suburbs.

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Population
14,481

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$250/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$56,836/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
206 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
4

Estimated 4 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
6

Estimated 6 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,192/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
77% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Devonport serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $250/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,192/month. 77% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Devonport may be constrained โ€” consider alternative strategies.

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Rental Yield

Achieving strong cash flow in Devonport is challenging at current rent-to-price ratios.

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Renovation / Flip

The resale market in Devonport may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Devonport

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Devonport faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental market in Devonport should see steady occupancy, with moderate upward pressure on rents. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Devonport a good suburb for investment?

Devonport is a regional area in Tasmania with a population of 14,481. The median rent is $250/week and the median household income is $56,836/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Devonport?

Key demand drivers in Devonport include regional employment hubs, lifestyle, and affordability. 77% of dwellings are separate houses. The area has approximately 4 schools and 6 parks nearby.

What is the population of Devonport?

According to the ABS 2021 Census, Devonport has a population of approximately 14,481. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Devonport from the Hobart CBD?

Devonport is approximately 206 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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