Devonport vs Wynyard
Property investment comparison - Devonport, TAS 7310 vs Wynyard, TAS 7325
Head-to-head across core investment metrics: Devonport wins 1, Wynyard 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 | Devonport | Wynyard |
|---|---|---|
| Median house price | $590K | $585K |
| Median unit price | - | $425K |
| Gross rental yield (houses) | 4.68% | - |
| Gross rental yield (units) | - | 4.55% |
| 1-year house growth | +16.4% | +12.0% |
| 3-year house growth | +24.3% | +24.5% |
| Vacancy rate | 1.4% | 0.7% |
| Population | 14,481 | 6,296 |
Devonport vs Wynyard: what the numbers say
The median house price is $590K in Devonport and $585K in Wynyard, so Wynyard is the cheaper entry point, with Devonport houses about 1% dearer.
Over the past year house prices moved +16.4% in Devonport and +12.0% in Wynyard, so recent momentum favours Devonport, although both suburbs recorded growth.
Looking back three years, Devonport houses are +24.3% and Wynyard houses +24.5%, so Wynyard has compounded faster than Devonport over the longer window.
Rental vacancy is 0.7% in Wynyard and 1.4% in Devonport, so landlords in Wynyard 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 6,296, roughly 2.3 times the size of Wynyard; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wynyard for a lower purchase price, Devonport for recent price momentum, Wynyard for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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