Question 1

Is Devonport a nice place to live?

Accepted Answer

Devonport is a coastal city centred on the Mersey River estuary where Bass Strait meets sandy beaches and rocky bluffs such as Mersey Bluff. The compact waterfront precinct and working port are anchored by the ferry terminal, with shops, cafes and regional services close to the riverfront. Housing mixes older timber cottages and post-war homes near the water with beachside apartments and newer suburban lots inland, so the area suits people working in regional services, families and those after a relaxed coastal lifestyle with boating, fishing and straightforward road and ferry links to the mainland.

The population is 14,481 with a median age of 43, and most homes are owner-occupied (63.1% combined outright and with a mortgage). Major projects are shaping local services: a new Spirit of Tasmania passenger terminal is under construction alongside port upgrades, the Waterfront Park has been delivered as part of the Living City precinct, the Mersey Community Hospital redevelopment has been completed, and planning is under way for a new Indie Education campus in the CBD. Whether Devonport suits you will come down to which of those features matter most.

Question 2

Is it expensive to live in Devonport?

Accepted Answer

Housing in Devonport sits above what local households earned at the last Census. A median house price of $625,000 is about 11.0 times a typical local annual household income at the last Census, and the median unit price of $434,500 is about 7.6 times that income. On the rental side, a house rent of $520 a week would take about 47.6% of a typical local household's weekly income at the last Census, while unit rent of $400 a week would take about 36.6%.

Put simply, buying in Devonport sits well above local incomes at the last Census, and renting would take a sizeable share of a typical local household's weekly income, large in the case of houses. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Devonport a good place to invest?

Accepted Answer

House values climbed a strong 19.6% over the past 12 months, while unit values rose a solid 6.9%.

In Devonport, rents for both property types also moved strongly: house rents rose 13.0% and unit rents rose 11.1%. Over the year house prices were the stronger performer on the capital-growth side, whereas unit rents increased faster than unit values; which of those patterns matters most depends on whether you are prioritising capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$625K	$435K
Change in value Past 12 months	19.6%	6.9%
Sold Past 3 months	58	17
Median days on market Past 12 months	21	27
Average rent Past 12 months	$520	$400
Change in rent Past 12 months	13.0%	11.1%

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