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Sorell vs Latrobe vs Devonport — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $700kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Sorell

    TAS · 7172
    48Average
    Median
    $595k
    5y growth
    7.4%/yr
    BalancedStable entry point

  2. Latrobe

    TAS · 7307
    41Below trend
    Median
    $525k
    5y growth
    7.0%/yr
    GrowthGrowth-led, low cashflow

  3. Devonport

    TAS · 7310
    42Below trend
    Median
    $495k
    5y growth
    7.2%/yr
    BalancedStable entry point

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Sorell
Latrobe
Devonport
Capital growth (5y)
weight 22%
747.4%/yr
707.0%/yr
727.2%/yr
Rental yield
weight 13%
613.1%
502.5%
532.6%
Rental demand
weight 10%
681.3%
402.4%
402.4%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5213.0%
4812.0%
4812.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
1515% under cap
2525% under cap
2929% under cap
Supply tightening
weight 8%
70-4.0% YoY
500.0% YoY
500.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Sorell

    5/8
    • Capital growth (5y)
    • Rental yield
    • Rental demand
    • Income growth
    • Supply tightening

  2. Latrobe

    0/8

    No outright lead on any single dimension.

  3. Devonport

    1/8
    • Affordability

Why Sorell

Stable entry point

7.4%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.4%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Rental yield3.1%
Risks
  • No major construction project in this state

Construction ·Macquarie Point Stadium21.5 kmPlanned · 2029

Why Latrobe

Growth-led, low cashflow

7.0%/yr capital growth.

Drivers
  • Capital growth7.0%/yr
Risks
  • Thin gross yield (2.5%)
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus63.8 kmRecently completed · 2024

Why Devonport

Stable entry point

7.2%/yr capital growth, 2.6% gross yield.

Drivers
  • Capital growth7.2%/yr
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus71.3 kmRecently completed · 2024