Regional Tasmania · Devonport
Ulverstone is a charming and relaxed coastal town at the mouth of the Leven River. It's known for its strong community spirit, beautiful beaches, and riverside parks. The town blends a traditional seaside holiday atmosphere with the amenities of a regional hub, attracting both families and retirees seeking a peaceful yet connected lifestyle.
Market snapshot
Price register · May 2026
Median house
$475,000 - $650,000
Mid-band $563Kspread 31%
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Create Your Free ProfileLast reviewed 14 May 2026
Median unit
$400,000 - $550,000
Mid-band $475Kspread 32%
Days on market
~23-53 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
3.9% to 4.9%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+58% to +78%
cumulative since 2021Who buys here
Retirees · Families · Lifestyle investors
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Ulverstone property market presents a compelling case for stability and steady growth, making it an attractive proposition for both homebuyers and investors. The median house price currently sits at $572,500, reflecting a consistent upward trajectory with a year-on-year growth of 6.9%. The unit market has shown even more pronounced strength, with a median price of $484,000 and an impressive annual growth rate of 16.6%.
Driving this market performance are strong underlying fundamentals. Supply remains tight, with low stock on market and a vacancy rate well below 1%. This creates intense competition among tenants and supports solid rental returns, with houses yielding around 4.4% and units 4.3%. Properties are also moving relatively quickly, with an average of 38 days on market for houses, indicating healthy buyer demand.
The primary buyer demographics are retirees and families, drawn by the town's relaxed coastal lifestyle, community feel, and relative affordability compared to capital cities. This consistent demand from owner-occupiers provides a stable foundation for the market. Investors are also active, attracted by the strong rental yields and the potential for long-term capital growth.
With tight supply, a sub-1% vacancy rate, and strong rental yields, Ulverstone offers a stable and attractive market for lifestyle buyers and long-term investors.
While the market has experienced significant growth over the past five years, affordability is becoming a consideration. Local household incomes are below the regional average, which may temper the pace of future price acceleration. However, the town's strategic location between the larger centres of Devonport and Burnie, combined with its established healthcare, retail, and agricultural sectors, provides a resilient economic base. Infrastructure remains stable, with no major new projects announced that would dramatically alter supply dynamics. The market is therefore best described as one of sustainable growth, appealing to those who prioritise low vacancy risk and steady, long-term returns over speculative, rapid appreciation.
Why a buyers agent
Navigating the Ulverstone property market requires a nuanced understanding that goes beyond online listings. An experienced buyer's agent brings crucial local knowledge, such as the subtle differences in appeal between East and West Ulverstone, or even specific street-by-street variations in value and desirability. They possess insights into properties that are about to come to market, providing an edge in a low-stock environment. Furthermore, an agent understands the pricing dynamics driven by proximity to the Leven River, beaches, and the town centre, ensuring you don't overpay. They can identify which homes have the best potential for attracting reliable tenants in a market favoured by families and retirees, and can advise on local council zoning or development plans that could impact a property's future value. This insider expertise is invaluable for securing the right property at the right price in this competitive regional hub.
With a vacancy rate under 1%, strong rental yields around 4.4% for houses, and steady capital growth, Ulverstone offers a low-risk environment for property investors.
Positioned at the mouth of the Leven River and on the Bass Strait, the town provides an idyllic lifestyle with beautiful beaches, riverside parks, and easy access to hiking and nature reserves.
Conveniently located between the major hubs of Burnie and Devonport, and connected by the Bass Highway, Ulverstone serves as a central and accessible base for the entire North West coast.
The town is well-equipped for families, offering a range of public and private schools, safe neighbourhoods, and a strong community spirit that makes it an ideal place to raise children.
Compared to mainland capital cities and even larger Tasmanian cities, Ulverstone offers more affordable housing options, allowing buyers to secure a desirable coastal lifestyle without an excessive price tag.
Compare
| Metric | This suburbUlverstone | NearbyDevonport | NearbyPenguin |
|---|---|---|---|
| Median house | $475,000 - $650,000 | $500,000 - $650,000 | $550,000 - $750,000 |
| Median unit | $400,000 - $550,000 | $350,000 - $475,000 | $450,000 - $625,000 |
| Auction clearance | — | 45% to 55% | — |
| Days on market | ~23-53 days | ~23-55 days | ~26-62 days |
| Year-on-year growth | +2% to +12% | +15% to +25% | +3% to +13% |
| 5-year growth | +58% to +78% | +59% to +79% | +53% to +73% |
| Rental yield | 3.9% to 4.9% | 4.3% to 5.3% | 3.7% to 4.7% |
| Postcode | 7315 | 7310 | 7316 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Ulverstone is a picturesque coastal town located on Tasmania's North West coast, approximately 21 kilometres west of Devonport. Situated at the mouth of the Leven River, its character is defined by stunning beaches, scenic riverside parks like Anzac Park, and a vibrant, community-focused town centre.
The town is well-serviced for families, with several schooling options available. These include Ulverstone Primary School, East Ulverstone Primary School, and West Ulverstone Primary School for younger children. For secondary education, Ulverstone Secondary College caters to students from Year 7 to 12. Private education is also available through Sacred Heart Catholic School (Prep-6) and the K-12 Leighland Christian School.
Public transport is managed by Mersey Link, with regular bus services connecting Ulverstone to the major regional hubs of Devonport (a 25-30 minute journey) and Burnie (a 30-minute journey), making it a convenient base for commuters. The Bass Highway runs directly through the area, providing easy car access along the coast.
The main commercial precinct is centred around Reibey Street, which features a mix of local boutiques, cafes, and essential services. Residents have access to major supermarkets including Coles and Woolworths for their daily needs. The area is rich in natural attractions, from the penguin viewing platform at Lillico Beach to the walking trails along the river and the nearby Dial Range for hiking. This blend of convenience, community, and natural beauty makes Ulverstone a highly desirable location for a relaxed coastal lifestyle.
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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