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Devonport vs South Launceston vs Old Beach — 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. Devonport

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

    TAS · 7249
    45Average
    Median
    $545k
    5y growth
    6.4%/yr
    BalancedStable entry point
  3. Old Beach

    TAS · 7017
    49Average
    Median
    $645k
    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
Devonport
South Launceston
Old Beach
Capital growth (5y)
weight 22%
727.2%/yr
646.4%/yr
727.2%/yr
Rental yield
weight 13%
532.6%
572.9%
643.2%
Rental demand
weight 10%
402.4%
551.8%
681.3%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
4812.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0
0
0
Affordability
weight 8%
4545% under cap
3939% under cap
2828% under cap
Supply tightening
weight 8%
500.0% YoY
60-2.0% YoY
70-4.0% YoY

Winner per dimension

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

  1. Devonport

    1/8
    • Affordability
  2. South Launceston

    0/8

    No outright lead on any single dimension.

  3. Old Beach

    3/8
    • Rental yield
    • Rental demand
    • 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 South Launceston

Stable entry point

6.4%/yr capital growth, 2.9% gross yield.

Drivers
  • Capital growth6.4%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus4.4 kmRecently completed · 2024

Why Old Beach

Stable entry point

7.2%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.2%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Rental yield3.2%
Risks
  • No major construction project in this state

Construction ·New Bridgewater Bridge7.1 kmConstruction · 2025