Question 1

Is East Devonport a nice place to live?

Accepted Answer

East Devonport is a low-rise riverside suburb on the eastern bank of the Mersey River, opposite central Devonport and the Bass Strait coast. It has a mix of weatherboard cottages, brick homes and some newer infill and attracts families and retirees who prefer a quieter neighbourhood with easy access to city services. The foreshore and river reserves provide walking, boating and coastal views, while local shops, schools and community facilities meet everyday needs. Good road connections and proximity to the city port make it a practical base for exploring the north coast.

East Devonport is a community of 4,384 people with a median age of 44. The typical household earns $900 a week, roughly $46,800 a year.

Families are dominated by couples: couple families with children account for 27.5% and couple families without children 41.5%, together about seven in ten families (69.0%). This includes 310 couple families with children. One-parent families make up just under three in ten (29.2%), while other families are 1.9%.

Homes in East Devonport are more often owner-occupied than rented. Owner-occupiers make up 57.0% of dwellings — 34.2% owned outright and 22.8% owned with a mortgage — while renters account for 43.0%.

Question 2

Is it expensive to live in East Devonport?

Accepted Answer

A median house price of $555,250 in East Devonport works out to about 11.9 times a typical local household's annual income at the last Census. On that measure, buying a house sits well above what households locally earned at the last Census.

Rents are also a large share of local income: house rents averaging $498 a week would take about 55.3% of a typical local household's weekly income at the last Census, and unit rents at $415 a week would take about 46.1%. On these figures both renting and buying look stretched against local incomes, with buying particularly high by the price multiple.

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 East Devonport a good place to invest?

Accepted Answer

East Devonport's recent year shows a clear divergence between houses and units. Median house values climbed 21.4% over the past 12 months, a strong rise, while house rents rose 13.2%, also a strong increase, so house prices outpaced rent growth this year. By contrast, unit values edged up 1.6%, a slight rise, while unit rents increased 5.6%, a solid gain, meaning unit rents grew faster than unit prices over the same period.

For someone weighing East Devonport up as an investment, the figures point to where the movement has been: houses showed the bigger price lift, and unit rents outpaced unit values. Which of those patterns matters most to you will depend on your investment goals and circumstances.

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	$555K	N/A
Change in value Past 12 months	21.4%	1.6%
Sold Past 3 months	20	7
Median days on market Past 12 months	27	25
Average rent Past 12 months	$498	$415
Change in rent Past 12 months	13.2%	5.6%

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