Cranbrook vs East Devonport
Property investment comparison - Cranbrook, TAS 7190 vs East Devonport, TAS 7310
Head-to-head across core investment metrics: Cranbrook wins 0, East Devonport wins 2. 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 | Cranbrook | East Devonport |
|---|---|---|
| Median house price | $550K | $545K |
| Median unit price | - | $345K |
| Gross rental yield (houses) | - | 4.85% |
| Gross rental yield (units) | - | - |
| 1-year house growth | - | +19.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.7% | 0.4% |
| Population | 60 | 4,384 |
Cranbrook vs East Devonport: what the numbers say
The median house price is $550K in Cranbrook and $545K in East Devonport, so East Devonport is the cheaper entry point, with Cranbrook houses about 1% dearer.
Rental vacancy is 0.4% in East Devonport and 1.7% in Cranbrook, so landlords in East Devonport face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
East Devonport is the bigger suburb, with a population of 4,384 against 60, roughly 73 times the size of Cranbrook; a larger suburb usually means a deeper pool of buyers and tenants.
In short: East Devonport for a lower purchase price, East 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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East Devonport, TAS 7310
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