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Devonport vs Para Hills — which is best for growth?

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. Devonport

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

  2. Para Hills

    SA · 5096
    59Average
    Median
    $595k
    5y growth
    10.2%/yr
    GrowthStable entry point

Metric breakdown

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

Metric · weight
Devonport
Para Hills
Capital growth (5y)
weight 22%
727.2%/yr
10010.2%/yr
Rental yield
weight 13%
532.6%
572.8%
Rental demand
weight 10%
402.4%
681.3%
Population growth
weight 12%
313.1%
656.5%
Income growth
weight 12%
4812.0%
5614.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
4545% under cap
3434% under cap
Supply tightening
weight 8%
500.0% YoY
75-5.0% YoY

Winner per dimension

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

  1. Devonport

    1/8
    • Affordability

  2. Para Hills

    6/8
    • Capital growth (5y)
    • Rental yield
    • Rental demand
    • Population growth
    • Income growth
    • Supply tightening

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

Why Para Hills

Stable entry point

10.2%/yr capital growth, listings tightening 5.0% YoY.

Drivers
  • Capital growth10.2%/yr
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Population growth+6.5% (5y)
Risks
  • No major construction project in this state