Devonport (TAS 7307) in Focus 2026: Is It a Good Investment? R-Score 69/100, 4.5% Yield & Best Streets

Market Classification: Established Family & Commuter Corridor · R-Score: 69/100 (National Rank #4,852 of 15,286) · Street Average: 20/100 across 227 streets.

Devonport (TAS 7307) represents a bread-and-butter Australian family housing market($610,234 median price, $530/wk rent, 4.5% gross yield) supported by +0.1% 3-year council population movement. Here, investment returns are determined almost entirely by micro-location: separating quiet, >65% owner-occupied pockets from main-road or high-public-housing blocks.

“I’d pay more attention to the street data than the headline growth. Only 29 of Devonport’s 206 scored streets rate 75 or higher, so a buyer needs to inspect the immediate setting and owner-occupier profile rather than assume the suburb’s median tells the whole story.”

Looking for the live, monthly-updated numbers? The Devonport (TAS) suburb profile tracks the current median house price, rent, vacancy and R-Score, and the Devonport street-by-street scores rank every street. This article is our investment analysis of what those numbers mean.

Below is our full October 2026 quantitative and street-level breakdown for Devonport (TAS 7307), combining 36 months of settled price and rental history from our Aurora research warehouse, council-level supply and employment data for Devonport (TAS), and block-by-block ABS 2021 Census SA1 tenure and yield rankings across 9,783 residential addresses.

1. Devonport (TAS) 3-Year Market Trajectory & 27-Indicator R-Score (October 2026)

Over the past 12 months, Devonport’s median house price moved +17.4% (from $520,000 to $610,234), bringing its 3-year cumulative price movement to +8% (from $565,000 three years ago). On the rental side, median weekly asking rents moved +10.4% over the past year to $530/wk (+10.3% over 36 months), equating to a 4.5% gross rental yield. Compared with 12 months ago—when Devonport carried an R-Score of 95/100—its current composite R-Score of 69/100 represents a -26-point shift in underlying market pressure.

Indicator / R-Score Pillar	Devonport (TAS) Current	12-Month / 36-Month Context
Composite Suburb R-Score	69 / 100	Ranked #4,852 of 15,286 suburbs (was 95/100 12m ago)
Median House Price	$610,234	12m change: +17.4% · 36m change: +8%
Median Weekly Rent & Gross Yield	$530/wk (4.5%)	12m rent change: +10.4% · 36m rent change: +10.3%
Rental Vacancy & Days on Market	1.2% vacancy	Median selling time: 100 days on market (1.5% vacancy is the tight-market line)
Pillar 1: Buyer Demand	27 / 100	Measures days-on-market compression, vendor discounting & sales velocity
Pillar 2: Supply & Ownership	32 / 100	Measures stock on market, building approvals vs stock & owner-occupier share
Pillar 3: Price Momentum	47 / 100	Measures short/medium-term price velocity vs Devonport & TAS
Pillar 4: Yield Pressure	64 / 100	Measures gross rental yield, rent trajectory & vacancy compression

2. The “Two-Speed Suburb” Test: Best & Worst Streets in Devonport (TAS)

Why do two 4-bedroom houses in Devonport achieve completely different bank valuations and tenant quality? Because suburb medians blend every pocket together. When we map all 9,783 addresses across 227 streets in Devonport through G-NAF to their ABS 2021 Census SA1 blocks, the suburb splits into three distinct tiers:

• Strong Street Profile (Score 75–100): 29 streets (14% of scored streets) pass both ABS Census tenure tests (owner-occupiers >65% and public housing ≤5%) plus at least one—or both—of the Devonport rent and yield benchmarks.
• Mid / Mixed Street Profile (Score 50–74): 14 streets pass the core owner-occupier and public-housing thresholds but sit below the suburb median on weekly rent or yield.
• Weaker / Caution Street Profile (Score 0–25): 163 streets fail one or both census tenure thresholds—meaning either owner-occupation sits at or below 65% or state/community public housing exceeds 5% on those specific SA1 blocks.

Top 5 Highest-Scoring Streets in Devonport (TAS)

These streets sit in SA1 census blocks with high homeowner pride of ownership, minimal social housing concentration, and strong block-level rents (inspect all 227 streets in Devonport):

Top Street in Devonport	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Rent & Yield
#1 Georgiana Street	100/100	42	86%	0%	$575/wk (5.9%)
#2 Tatiana Close	100/100	33	86%	0%	$575/wk (5.9%)
#3 Tucker Avenue	100/100	24	86%	0%	$575/wk (5.9%)
#4 Tomarah Crescent	100/100	19	86%	0%	$575/wk (5.9%)
#5 Matthews Way	100/100	13	86%	0%	$575/wk (5.9%)

Streets Where Block-Level Tenure Trails the Devonport Average

By contrast, the streets below run through SA1 census blocks that fail one or more of our tenure or rental tests. A lower Street Score is not a judgement of any individual house, but it highlights where higher renter turnover or public housing concentration exists within Devonport:

Caution Street Sample	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Median Rent
Chichester Drive	0/100	106	24%	55.1%	$405/wk
Chelor Nook	0/100	19	24%	55.1%	$405/wk
Waratah Court	0/100	19	24%	55.1%	$405/wk

3. Economic & Supply Drivers in Devonport Council (Tasmania)

Devonport sits within the Devonport Local Government Area, which has a residential population of approximately 26,994 (+0.1% population movement over the past 3 years) and 11,566 total dwellings. Three council-level fundamentals shape Devonport’s medium-term outlook:

• Local Employment Diversity (ABS Census): The largest employment sectors across Devonport are Retail Trade (14%), Health Care and Social Assistance (12%), Manufacturing (10%), Education and Training (9%). Multi-sector employment reduces reliance on any single employer or commodity cycle.
• New Building Approvals vs. Existing Stock: Over the latest 12-month financial year, Devonport approved 0.8% new dwelling stock (~90.095 dwellings). Because annual additions sit under 1.8% of stock, incoming supply is constrained relative to tenant and buyer demand.
• Tracked Infrastructure Pipeline: Devonport currently has $494 million in tracked major infrastructure projects (placing it in the 22th percentile of Australian councils).

4. Worked Cashflow, Deposit & 80% LVR Stress-Test for Devonport (October 2026)

What does it actually cost to acquire and hold a typical house in Devonport at today’s median price of $610,234 and median rent of $530/wk? Below is the baseline 80% Loan-to-Value Ratio (LVR) model we use to stress-test serviceability before shortlisting a property:

Cashflow & Capital Item	Devonport Worked Figure	Assumptions & Notes
Purchase Price (Suburb Median)	$610,234	Settled house median as of October 2026
20% Deposit + Est. Stamp Duty & Costs	$151,338	$122,047 deposit (80% LVR) + ~$29,291 stamp duty, legal & inspection allowance (can be funded via usable home equity)
80% LVR Loan Amount	$488,187	Standard no-LMI investor loan threshold
Gross Annual Rental Income	$27,560/yr ($530/wk)	4.5% gross rental yield before vacancies and expenses
Est. Annual Interest + Operating Costs	$37,225/yr	Assumes 6.25% interest-only ($30,512/yr) + ~1.1% for council rates, insurance & property management ($6,713/yr)
Pre-Tax Weekly Cashflow Position	-$186/wk top-up	Before tax deductions / depreciation (confirm post-tax position with your accountant)

5. Who Should Buy in Devonport—And 3 Rules Before You Make an Offer

Solid 69/100 R-Score Backed by Devonport Fundamentals. Based on our October 2026 data, Devonport is best suited to equity-backed homeowners and portfolio builders seeking a balanced entry price ($610,234) and 4.5% rental yield in TAS.

1. Never Buy Blind on the Suburb Median: In Devonport, 163 streets score below 50/100 on our census tenure and yield tests. Always run the exact street through the Devonport Street Score Hub and target the 29 streets scoring 75–100/100.
2. Check Lot-Level Overlays (Flood, Bushfire, Slope & Easements): Even on a 100/100 streetlike Georgiana Street, individual lots can carry overland flow paths, steep gradients, or sewer easements that restrict granny-flat additions or spike insurance premiums.
3. Price Against Street-Matched Settled Comparables: Do not let a selling agent justify an asking price on a 25/100 street using comparable sales from a 100/100 street. Compare settled sales within the same SA1 Street Score band.