Chain Of Lagoons vs Devonport
Property investment comparison - Chain Of Lagoons, TAS 7215 vs Devonport, TAS 7310
Head-to-head across core investment metrics: Chain Of Lagoons wins 0, Devonport wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Chain Of Lagoons | Devonport |
|---|---|---|
| Median house price | $600K | $590K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.51% | 4.68% |
| Gross rental yield (units) | - | - |
| 1-year house growth | - | +16.4% |
| 3-year house growth | - | +24.3% |
| Vacancy rate | 2.3% | 1.4% |
| Population | 29 | 14,481 |
Chain Of Lagoons vs Devonport: what the numbers say
The median house price is $600K in Chain Of Lagoons and $590K in Devonport, so Devonport is the cheaper entry point, with Chain Of Lagoons houses about 2% dearer.
On cash flow, Devonport leads: houses there return a gross rental yield of 4.68%, compared with 4.51% in Chain Of Lagoons, a gap of 0.17 percentage points.
Rental vacancy is 1.4% in Devonport and 2.3% in Chain Of Lagoons, so landlords in Devonport face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Devonport is the bigger suburb, with a population of 14,481 against 29, roughly 499 times the size of Chain Of Lagoons; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Devonport for rental income, Devonport for a lower purchase price, Devonport for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Chain Of Lagoons, TAS 7215
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