Devonport
Market analysis for investment properties in Devonport
Median Price
$580,000
Trend:Accelerating
+14.8%
Median Rent
$490/pw
Trend:Accelerating
+6.5%
Rental Yield
4.39%
Trend:Decelerating
-7.4%
Median DoM
52 Days
Trend:Decelerating
-33.3%
Market Analysis
Why investors are watching Devonport right now.
In Devonport, Tasmania, the main shopping precinct is located along Rooke Street, which houses various retail outlets, cafes, and restaurants catering to diverse consumer needs. Well-known schools in the area include Devonport High School, known for its academic excellence and comprehensive extracurricular programs. Devonport is well-served by transport hubs such as the Devonport Ferry Terminal, connecting the region to mainland Australia. Notable natural sceneries in the area include the picturesque Mersey Bluff Lighthouse overlooking Bass Strait and the serene Don River Railway, offering scenic train rides through the beautiful countryside. Additionally, travelers and locals alike can enjoy the stunning views at the nearby Cradle Mountain-Lake St Clair National Park, known for its rugged mountains, pristine lakes, and diverse wildlife.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Leaders
Top Performers in Devonport
Best performing suburbs in Devonport ranked by capital growth and rental yield. Data as of March 2026.
Top Suburbs by Growth
Top Suburbs by Yield
| Name | Type | Median Price | Rental Yield |
|---|---|---|---|
| Melrose | House | $880k↑90.9% | 11.8% |
| East Devonport | Unit | $328k↑2.4% | 6.2% |
| Quoiba | House | $385k↓30.8% | 6.1% |
| Hidden Market Alpha | House | $1.18m+14.2% | 4.6% |
| Hidden Market Beta | Unit | $735k+11.8% | 5.2% |
| Hidden Market Gamma | House | $962k+10.4% | 4.9% |
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Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
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Strategy by LighthousePA
Where will Devonport be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Devonport, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
- Buyers Advocacy
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Investment Insights & FAQ
Frequently asked questions about the Devonport property market in 2026.
As of March 2026, the Devonport property market presents a dynamic investment landscape. Over the last 12 months, houses have seen an annual growth rate of 14.85% and units have grown by 3.19%. These figures reflect the evolving demand within TAS, offering potential for capital appreciation.
Based on the latest market snapshot, median property prices in Devonport range from $580,000 for houses to $420,000 for units. These values are calculated based on recent transaction data and current buyer activity across the TAS region.
For investors targeting cash flow, houses rent for $490 /pw with a 4.39% yield, while units rent for $400 /pw with a 4.95% yield. This rental performance is a key indicator of strong tenant demand within the Devonport area.
Market Insights Last Updated: March 2026