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Bellerive vs Bridgewater vs Devonport — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $900kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Bellerive

    TAS · 7018
    43Below trend
    Median
    $845k
    5y growth
    6.3%/yr
    BalancedStable but fully priced
  2. Bridgewater

    TAS · 7030
    54Average
    Median
    $495k
    5y growth
    8.4%/yr
    GrowthStable entry · room to scale
  3. Devonport

    TAS · 7310
    44Below trend
    Median
    $495k
    5y growth
    7.2%/yr
    BalancedStable entry · room to scale

Metric breakdown

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

Metric · weight
Bellerive
Bridgewater
Devonport
Capital growth (5y)
weight 22%
636.3%/yr
848.4%/yr
727.2%/yr
Rental yield
weight 13%
442.2%
552.7%
532.6%
Rental demand
weight 10%
681.3%
681.3%
402.4%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5614.0%
5213.0%
4812.0%
Construction pipeline
weight 15%
0$0.0bn
16$0.8bn
0
Affordability
weight 8%
66% under cap
4545% under cap
4545% under cap
Supply tightening
weight 8%
75-5.0% YoY
70-4.0% YoY
500.0% YoY

Winner per dimension

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

  1. Bellerive

    2/8
    • Income growth
    • Supply tightening
  2. Bridgewater

    3/8
    • Capital growth (5y)
    • Rental yield
    • Construction pipeline
  3. Devonport

    0/8

    No outright lead on any single dimension.

Why Bellerive

Stable but fully priced

listings tightening 5.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Capital growth6.3%/yr
Risks
  • At top of budget (94% of cap)
  • Thin gross yield (2.2%)

Construction ·Macquarie Point Stadium2.9 kmPlanned · 2029

Why Bridgewater

Stable entry · room to scale

8.4%/yr capital growth, listings tightening 4.0% YoY. Plenty of room under your cap if you want to stretch.

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

No material risk flags raised by the model.

Construction ·New Bridgewater Bridge0.0 kmConstruction · 2025

Why Devonport

Stable entry · room to scale

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