Devon Hills, TAS 7300

Devon Hills has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.1%, before expenses, tax and loan costs. Capital growth of +12.0% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

The median property price in Devon Hills, TAS 7300 is $1.5M for houses and $380K for units.

The gross rental yield in Devon Hills is 7.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

House prices in Devon Hills are up 12.0% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

The current vacancy rate in Devon Hills is 0.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

Devon Hills has a population of approximately 434 residents, with a median age of 51.

There are 1 school within roughly 5km of Devon Hills. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

A median house in Devon Hills costs about 13.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

The population of Devon Hills has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.