Regional Tasmania · Devonport
Situated on the eastern banks of the Mersey River, East Devonport is a suburb defined by its connection to Bass Strait. It's the home of the Spirit of Tasmania ferry terminal, making it a key gateway to the state. The suburb has a relaxed, working-class character with a strong community feel. It offers affordable housing and picturesque riverside and coastal views, appealing to those seeking a quieter lifestyle while remaining connected to the amenities of the greater Devonport area.
Market snapshot
Price register · May 2026
Median house
$450,000 - $600,000
Mid-band $525Kspread 29%
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Create Your Free ProfileLast reviewed 14 May 2026
Median unit
$300,000 - $400,000
Mid-band $350Kspread 29%
Days on market
~25-59 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
4.5% to 5.5%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+85% to +105%
cumulative since 2021Who buys here
First home buyers · Income-focused investors · Retirees
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The East Devonport property market presents a compelling case for investors and budget-conscious buyers, underpinned by affordability and strong rental returns. In the year to May 2026, the suburb recorded impressive annual growth of 22.3% for houses, reaching a median of $526,000. This trajectory is part of a significant five-year uplift of over 94%. The unit market, however, has seen a slight contraction recently, with a median price of $343,000 reflecting a 6.5% decrease over the past year.
The primary driver for the market is its high rental yield, with houses returning approximately 5.0%. This is fueled by a very tight rental market with low vacancy rates, making it highly attractive for income-focused investors. Properties move relatively quickly, with a median time on market of 42 days, indicating firm buyer interest.
Despite these strengths, there are underlying factors to consider. The suburb's socio-economic profile is below the national average, which can sometimes temper long-term capital appreciation compared to more affluent areas. Affordability, while still attractive compared to mainland capitals, has become stretched for local wage earners after the recent price surge. Supply appears balanced, with no major new developments threatening to create an oversupply. For buyers, the market offers a gateway to the Tasmanian lifestyle with solid cash flow potential, but for those targeting rapid capital growth, the headwinds of stretched local affordability warrant careful consideration. The market is best suited for a buy-and-hold strategy focused on rental income and steady, long-term growth.
A gateway to Tasmania offering strong rental yields and an affordable entry point for investors and first-home buyers.
Why a buyers agent
Navigating the East Devonport market requires a nuanced understanding that goes beyond median price data. An experienced buyer's agent can provide crucial insights into the suburb's diverse pockets. Proximity to the Spirit of Tasmania terminal and industrial areas can impact lifestyle and rental appeal, a factor that isn't always obvious to out-of-area buyers. An agent can identify streets with the best capital growth potential versus those better suited for pure rental yield. They can also uncover value-add opportunities in a market dominated by older, established homes, helping you distinguish a cosmetic renovation from a property with deeper structural issues. In a market where affordability has tightened, a local expert's negotiation skills and access to off-market opportunities are invaluable in securing the right property at the right price.
With rental yields for houses around 5.0% and a consistently low vacancy rate, East Devonport is a prime target for investors seeking positive cash flow.
Compared to many other markets in Tasmania and mainland Australia, East Devonport offers a more accessible median house price, making it attractive for first-home buyers and investors.
As the home of the Spirit of Tasmania terminal, the suburb holds a strategic position. This provides a constant source of activity and underpins the local service economy.
Residents enjoy easy access to the Mersey River, East Devonport Beach, and numerous parks and foreshore walking trails, offering a relaxed lifestyle with plenty of outdoor recreation options.
Compare
| Metric | This suburbEast Devonport | NearbyDevonport |
|---|---|---|
| Median house | $450,000 - $600,000 | $500,000 - $650,000 |
| Median unit | $300,000 - $400,000 | $350,000 - $475,000 |
| Auction clearance | — | 45% to 55% |
| Days on market | ~25-59 days | ~23-55 days |
| Year-on-year growth | +17% to +27% | +15% to +25% |
| 5-year growth | +85% to +105% | +59% to +79% |
| Rental yield | 4.5% to 5.5% | 4.3% to 5.3% |
| Postcode | 7310 | 7310 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
East Devonport is a functional and scenic suburb located on the eastern shore of the Mersey River, directly opposite the Devonport CBD. Its most prominent landmark is the Spirit of Tasmania ferry terminal, which provides a vital link to mainland Australia and defines much of the suburb's character.
The area is well-serviced for family life. Education is catered for by East Devonport Primary School, with a wider range of schools such as Devonport High School and St Brendan-Shaw College just across the river. For recreation, the suburb offers abundant green space. Pioneer Park is a local favourite, featuring a playground, skate park, BBQ facilities, and a bike safety park. The East Devonport Foreshore provides beautiful walking paths along the river and beach, while the East Devonport Recreation Centre is a hub for local sports including basketball, volleyball, and netball.
While major retail and commercial services are concentrated in the Devonport city centre, a short drive or bus ride away, East Devonport maintains a selection of local shops and services for daily needs. Transport is primarily by car, with Metro Tasmania providing bus routes that connect the suburb to the city and surrounding areas. The suburb's blend of affordability, essential amenities, and transport connectivity makes it a practical and appealing choice for a diverse range of residents.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 14 May 2026. Updated quarterly.
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