East Devonport is a harbour suburb across the Mersey from the Devonport CBD, the landing point for the Spirit of Tasmania ferry connection to Melbourne. The suburb's blue-collar heritage, affordable housing stock, and quick access to the Devonport ferry terminal and employment have maintained a steady rental and owner-occupier demand. Investment demand from mainland buyers seeking Tasmanian entry-level property is increasing with the ferry tourism corridor recovery. At the current $415k median house price, an 80% loan at 6.25% over 30 years is about $2,044 per month.
| Median house price | $415,000 |
|---|---|
| Median unit price | $260,000 |
| Estimated monthly repayment | $2,044 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5% |
| Gross rental yield | 5.4% |
| Typical days on market | 24 |
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