How does NextSuburb rank Australian suburbs?

We score every suburb 0–100 across eight investment-grade signals — capital growth, population growth, supply tightening, rental yield, vacancy rate, income growth, infrastructure pipeline exposure and affordability headroom — then weight them by the strategy you choose (Growth, Balanced, or Yield).

What data sources do you use?

ABS, ATO, SQM Research, Domain, realestate.com.au and the infrastructure portals of every state and territory. Full list and update cadence on /sources.

Is NextSuburb financial advice?

No. NextSuburb is a screening tool. Scores describe how well a suburb fits a filter today — not a forecast and not a recommendation to buy.

How often is the data updated?

Full dataset rebuilt monthly. Listings, vacancy and rent monthly. ABS and ATO annually. Infrastructure quarterly.

Why is NextSuburb free?

Because the data underneath it is mostly public. We'll launch a paid pro tier with saved alerts and deeper analytics — the core suburb screen will stay free.

Best Australian suburbs to invest in.

Name: NextSuburb AU Suburb Investment Index
Creator: NextSuburb
License: https://creativecommons.org/licenses/by/4.0/

Tell us your budget and strategy. Get the three best suburbs for your filter in 30 seconds — scored across eight investment-grade signals. Free. No signup.

9,375 suburbs · ABS · ATO · SQM Research · Domain · realestate.com.au · State infrastructure authorities

Your recommended picks

Best buys under $500k

Best overall pick for you

🥇Balanced pick

Devonport

Best all-rounder on the index — no single dimension dominates and none lags.

Why it wins · Most balanced profile in your filter — +1 pts over Ulverstone.

Stable but fully pricedTAS · 7310$495k median

33Weak

View whyDetails

Drivers

Capital growth7.2%/yr

Risks

At top of budget (99% of cap)
No major construction project in this state

Closest construction ·UTAS Launceston Inveresk Campus71.3 kmRecently completed · 2024

Devonport · scored against your filter

Open detail page →

🥈Secondary pickGrowth

Bridgewater

54Moderate

Highest capital-growth tilt in your filter (8.4%/yr over 5y).

TAS · $495kView why

Drivers

Capital growth8.4%/yr
Supply tightening-4.0% YoY
Tight rentals1.3%

Risks

At top of budget (99% of cap)

Stable but fully priced

Open →

🥉Alternative pickYield

Mowbray

50Moderate

3.0% yield in a tight rental market — 1.8% vacancy backs the cashflow.

TAS · $495kView why

Drivers

Capital growth6.6%/yr
Rental yield3.0%
Supply tightening-2.0% YoY

Risks

At top of budget (99% of cap)

Stable but fully priced

Open →

Score legend · 0–40 weak · 40–60 moderate · 60–75 strong · 75+ exceptional. Scores blend growth, yield, demand and infrastructure signals against your strategy. Full methodology →

WeakModerateStrongStandoutExceptional

040607585+

Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Compare Bridgewater · Mowbray · Devonport side-by-side under $500kCompare picks

9,375 suburbs · 0 investors this month · 0 shortlists saved

Explore the full ranking

All ranked suburbs

Top 11 TAS suburbs under $500k

Why am I seeing this? Ranked across every suburb that fits your filter — click any card for the full breakdown.

How is this calculated?

We score every suburb 0–100 against eight benchmarks a working buyer's agent watches: capital growth, rental yield, vacancy, listings trend, population growth, income growth, budget headroom, and the construction pipeline within reach.

The composite is a weighted average. The Top Picks above re-rank under a Growth-tilted, Yield-tilted, and Balanced scheme so each investor profile gets a single recommendation.

WeakModerateStrongStandoutExceptional

040607585+

Market mode

Base market Infrastructure-weighted ⭐

Mode effect ·Devonport moved from #4 #3 with infrastructure weighting.

Sort

$2.6B infrastructure pipeline influencing demand across key corridorsSee impact

Tier CC — ModerateScore 40–591 suburb

#1
Bridgewater
8.4%/yr capital growth, listings tightening 4.0% YoY.
5y growth · 8.4%/yr
1.3% vacancy
44
Growth🟡 Near capNear pipeline
Drivers
Capital growth8.4%/yr
Supply tightening-4.0% YoY
Tight rentals1.3%
Risks
At top of budget (99% of cap)
Nearby construction ·New Bridgewater Bridge0.0 kmConstruction · 2025
7030 · BrightonCompare investment case

Tier DD — Below trendScore <4010 suburbs

#2
Mowbray
6.6%/yr capital growth, 3.0% gross yield.
Growth + yield · 6.6% · 3.0%
6.6%/yr 5y growth
35
Balanced🟡 Near capNear pipeline
Drivers
Capital growth6.6%/yr
Rental yield3.0%
Supply tightening-2.0% YoY
Risks
At top of budget (99% of cap)
Nearby construction ·UTAS Launceston Inveresk Campus1.3 kmRecently completed · 2024
7248 · LauncestonCompare investment case
#3
Devonport
7.2%/yr capital growth, 2.6% gross yield.
Growth + yield · 7.2% · 2.6%
7.2%/yr 5y growth
33
Balanced🟡 Near cap
Drivers
Capital growth7.2%/yr
Risks
At top of budget (99% of cap)
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus71.3 kmRecently completed · 2024
7310 · DevonportCompare investment case
#4
Ulverstone
7.0%/yr capital growth, 2.6% gross yield.
Growth + yield · 7.0% · 2.6%
7.0%/yr 5y growth
33
Balanced🟡 Near cap
Drivers
Capital growth7.0%/yr
Risks
At top of budget (99% of cap)
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus85.2 kmRecently completed · 2024
7315 · Central CoastCompare investment case
#5
Wynyard
7.2%/yr capital growth, 2.6% gross yield.
5y growth · 7.2%/yr
7.2%/yr 5y growth
33
Growth🟢 Under budget
Drivers
Capital growth7.2%/yr
Risks
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus127.2 kmRecently completed · 2024
7325 · Waratah-WynyardCompare investment case
#6
George Town
7.6%/yr capital growth, 2.7% gross yield.
5y growth · 7.6%/yr
7.6%/yr 5y growth
31
Growth🟢 Under budget
Drivers
Capital growth7.6%/yr
Risks
Only 4,536 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus43.4 kmRecently completed · 2024
7253 · George TownCompare investment case
#7
Smithton
7.2%/yr capital growth, 2.7% gross yield.
Growth + yield · 7.2% · 2.7%
7.2%/yr 5y growth
29
Balanced🟢 Under budget
Drivers
Capital growth7.2%/yr
Risks
Only 3,934 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus180.9 kmRecently completed · 2024
7330 · Circular HeadCompare investment case
#8
Scottsdale
7.0%/yr capital growth, 2.6% gross yield.
Growth + yield · 7.0% · 2.6%
7.0%/yr 5y growth
23
Balanced🟢 Under budget
Drivers
Capital growth7.0%/yr
Risks
Only 2,408 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus42.6 kmRecently completed · 2024
7260 · DorsetCompare investment case
#9
Geeveston
8.2%/yr capital growth, 3.3% gross yield.
Growth + yield · 8.2% · 3.3%
8.2%/yr 5y growth
21
Balanced🟢 Under budget
Drivers
Capital growth8.2%/yr
Rental yield3.3%
Risks
Only 1,431 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Royal Hobart Hospital — Stage 345.0 kmConstruction · 2026
7116 · Huon ValleyCompare investment case
#10
Burnie
7.4%/yr capital growth, 2.9% gross yield.
Growth + yield · 7.4% · 2.9%
7.4%/yr 5y growth
19
Balanced🟢 Under budget
Drivers
Capital growth7.4%/yr
Risks
Only 693 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·UTAS Launceston Inveresk Campus110.5 kmRecently completed · 2024
7320 · BurnieCompare investment case
#11
Triabunna
7.2%/yr capital growth, 2.6% gross yield.
5y growth · 7.2%/yr
7.2%/yr 5y growth
17
Growth🟡 Near cap
Drivers
Capital growth7.2%/yr
Risks
Only 905 residents — illiquid, slow to sell
At top of budget (99% of cap)
Closest construction ·New Bridgewater Bridge60.9 kmConstruction · 2025
7190 · Glamorgan-Spring BayCompare investment case

Decision driver · 4 projects tracked

How infrastructure changes your results

Infrastructure is the largest medium-term driver of suburb-level house prices in Australia. Every project below is mapped to a location, value, and stage — and counted against any suburb inside its impact radius.

Live ranking effect

Devonport moved from #4 → #3 once we doubled the weight on the construction pipeline.

What this means for prices

Expect demand uplift over the next 3–5 years as these projects unlock jobs, services and household formation in the corridors below.

Pipeline value

$2.6bn

Construction

Approved

Planned

Top 3 by value

road
New Bridgewater Bridge
$0.8bn
Construction · 2025
stadium
Macquarie Point Stadium
$0.8bn
Planned · 2029
hospital
Royal Hobart Hospital — Stage 3
$0.7bn
Construction · 2026

See full TAS infrastructure list (4)

Tell us how you’d invest. We’ll do the ranking.

Your recommended picks

Top 11 TAS suburbs under $500k

Tier CC — Moderate·Score 40–59·1 suburb

Tier DD — Below trend·Score <40·10 suburbs

New Bridgewater Bridge

Macquarie Point Stadium

Royal Hobart Hospital — Stage 3

Tier CC — ModerateScore 40–591 suburb

Tier DD — Below trendScore <4010 suburbs