Devonport Houses for Sale: Your Guide to Buying in Tasmania

If you’re considering buying a house in Devonport, Tasmania, you’re not alone. This coastal city offers affordable property prices, a relaxed lifestyle, and a low crime rate.

Median house price: $590,150 property.com.au – Australian real estate data platform ·
Properties listed for sale: 145 Domain – major Australian property portal ·
Crime rate: 34% lower than national average Tasmania Police – state law enforcement agency

Devonport’s housing market shows a clear pattern: affordable entry prices, solid growth, and low crime. Here are the key numbers at a glance.

Is Devonport, Tasmania a good place to live?

Cost of living and housing affordability

• Median house price $590,150 – significantly below Hobart’s median of around $800,000 property.com.au
• Two‑bedroom houses: $500,000; three‑bedroom: $588,000; four‑bedroom: $680,000 property.com.au
• Everyday costs for groceries, utilities, and transport are lower than in mainland capitals.

The pattern: Devonport gives you a three‑bedroom house for roughly what a one‑bedroom apartment costs in Sydney’s inner suburbs. The trade‑off is a smaller job market and fewer night‑life options.

Amenities and services

• Devonport has a public hospital, several primary/secondary schools, and a central shopping precinct.
• The city is served by the Spirit of Tasmania ferry and Devonport Airport with flights to Melbourne.

Why this matters: families and retirees can access healthcare, education, and retail without driving to Launceston (one hour away).

Safety and community

• Tasmania’s crime rate is 34% lower than the national average Tasmania Police
• Burglary offences fell 11% statewide in 2024‑25 Tasmania Police

“Burglary‑building offences decreased by 11% to 2,938 statewide.”

Tasmania Police, 2024‑25 Crime Statistics Supplement

The implication: Devonport ranks among the safer Tasmanian towns, making it a draw for families and downsizers who prioritise security.

Climate and environment

• Cool‑temperate climate with mild summers (average high 21°C) and cool winters (average low 5°C).
• Proximity to beaches (Coles Beach, Don Reserve) and the Mersey River.

The catch: if you prefer hot, dry weather, Devonport’s rain (800 mm annually) and overcast winter days may feel limiting. For those who like greenery and a four‑season rhythm, it’s a good fit.

Is Devonport a good place for investment property?

Rental demand and yields

• Gross rental yield for houses: ~4.8% property.com.au; Real Estate Investar reports 4.68% Real Estate Investar – Australian investment analytics
• Median house rent: $525/week property.com.au
• Rental vacancy rates are tight, reflecting steady tenant demand.

Why this matters: a $590,150 house renting at $525/week delivers a solid cash flow compared to many Sydney or Melbourne investments where yields frequently dip below 3%.

Capital growth trends

• House prices rose 18% over the past 12 months property.com.au
• Unit/apartment prices grew 9.4% over the same period property.com.au
• Average days on market: 87 Real Estate Investar

“Devonport has seen house prices grow 18% over the past year, reflecting strong buyer interest driven by affordability compared to mainland capitals.”

Ray White Devonport, local real estate agency

Infrastructure and development projects

• The Devonport Port upgrade is expanding freight and cruise ship capacity.
• New residential estates (e.g., Mirambeena) are adding supply.

The implication: government‑backed infrastructure investment supports long‑term property values, especially in logistics‑linked suburbs near the port.

Comparison with other Tasmanian markets

• Hobart median house price: ~$800,000 – Devonport offers a ~26% discount.
• Launceston median: ~$550,000 – similar entry point, but Devonport has a stronger growth rate.

For investors, Devonport’s lower entry price and higher yield (4.8% vs Hobart’s ~3.5%) make it a cash‑flow‑friendlier option, but with less liquidity than larger centres.

Is Devonport a growing area?

Population growth statistics

• Population approximately 25,000, with an estimated annual growth rate of 1.5%.
• Migration from mainland states, particularly Victoria and New South Wales, has increased since the pandemic.

The pattern: steady, not explosive. Devonport attracts retirees and remote workers drawn to lower house prices and a quieter pace.

Economic drivers and employment

• Major industries: agriculture (dairy, vegetables), logistics (port operations), tourism.
• The unemployment rate is slightly higher than the national average, but job opportunities in healthcare and construction are growing.

Why this matters: a diversified local economy reduces the risk of a property downturn tied to a single industry.

New residential developments

• Subdivisions in areas like Spreyton and East Devonport are adding new housing stock.
• Stock on market is down 12.93% year on year Real Estate Investar

Future outlook

• Forecasts from property.com.au suggest continued moderate growth as long as migration holds.
• The Spirit of Tasmania ferry replacement and port upgrades are expected to boost local employment.

“Devonport is a key regional hub, with ongoing investment in infrastructure and services that support population and economic growth.”

Department of State Growth, Tasmania Government

The catch: growth is unlikely to match Hobart’s pace, making Devonport a steady performer rather than a speculative hotspot.

What is Devonport known for?

• Devonport is home to the largest port in Tasmania, handling freight and cruise ships.
• It serves as the gateway to Cradle Mountain‑Lake St Clair National Park.
• The region produces dairy, vegetables, and wines.
• Notable events include the Devonport Show and the Tasmania Maritime Festival.

What this means: Devonport’s identity blends maritime industry with tourism – a dual economy that stabilises property demand.

The pattern: Devonport’s character is shaped by the port and its gateway role, which supports property demand but may not suit those seeking a quiet coastal retreat.

What is there to do in Devonport?

• Parks: Don Reserve, Coles Beach, and the Mersey River foreshore.
• Museums: Bass Strait Maritime Centre, Devonport Regional Gallery.
• Dining: a growing café scene along the Foreshore, plus local seafood.
• Day trips: Tarkine rainforest, Table Cape (tulip fields), Penguin town (30 min).

Why this matters for buyers: lifestyle amenities directly affect property livability and rental appeal. Devonport’s outdoor options make it attractive to families and nature‑focused renters.

Frequently asked questions

Editor’s note: This article is based on publicly available market data and crime statistics as of March 2025. Property prices and availability change frequently – verify current listings before making a purchase decision.