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East Devonport, TAS 7310

Home » TAS Real Estate Data » Latrobe Council, TAS » East Devonport, TAS 7310

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for East Devonport, TAS 7310 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “East Devonport, TAS 7310”

  1. The total adult population (15 years or older) of East Devonport 7310 TAS is 3,612, with a median age of 44. Of those, 35.88% are married, 18.85% are divorced or separated, 37.87% are single and 7.42% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $4,904. The median monthly mortgage repayment for households in this suburb is $1,059 which is 21.59% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: Nestled in Tasmania, the suburb of East Devonport 7310 is home to an estimated 2,365 households. In Q3 of 2023, the property market for houses promises potential for investors, with typical prices at $503,880 and a median weekly rent of $369. This translates into an attractive indicative yield of 3.81%, meeting the minimum market requirement for cash-flow centric property investors.

    Socio-economically, East Devonport scores 791 out of 1217, hinting at moderately favourable living conditions for its dwellers. Core factors such as property ownership and the type of property prevalent in the area play a significant role in influencing investment decisions. With a renter to owner ratio at 42%, East Devonport shows a slightly higher proportion of renters, although still within reasonable ranges for investors. Further, a low units to houses ratio of just 11% highlights the predominance of family-friendly homes over units, a positive signal for those seeking long-tenure tenants.

    When it comes to property affordability, East Devonport has an affordability index at 40 years. This figure, though somewhat high by traditional mortgage standards, may suggest other market forces at play, including higher property values.

    In terms of supply metrics, East Devonport houses present an appealing investment. A low stock on market percentage of 0.2% indicates limited supply, providing a favourable market for sellers. This is reinforced by an inventory level of 0.77 months, well below the threshold for a high supply market. In addition, the building approvals ratio for houses sits at 1.91%, indicating a steady, though not excessive, inflow of new housing stock.

    Insights into demand metrics suggest a cooler but promising demand environment. Average days on the market for houses stands at 118, reflecting a slower turnover rate. However, strong rental demand is indicated by a low combined vacancy rate of 0.61%. Lastly, a buy search index of 3 points to a moderate, yet steady interest in purchasing houses.

    While these factors are critical in determining the investment potential, it’s essential to track their trends over time and consider them in the context of overall market dynamics. The HtAG Analytics Relative Composite Score (RCS) can help to automate and streamline this research process.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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