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Launceston vs Devonport vs Kingston — 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. Launceston

    TAS · 7250
    43Below trend
    Median
    $595k
    5y growth
    6.1%/yr
    BalancedStable entry point
  2. Devonport

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

    TAS · 7050
    45Average
    Median
    $745k
    5y growth
    6.7%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Launceston
Devonport
Kingston
Capital growth (5y)
weight 22%
616.1%/yr
727.2%/yr
676.7%/yr
Rental yield
weight 13%
542.7%
532.6%
532.7%
Rental demand
weight 10%
551.8%
402.4%
681.3%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5213.0%
4812.0%
5213.0%
Construction pipeline
weight 15%
0$0.0bn
0
0
Affordability
weight 8%
3434% under cap
4545% under cap
1717% under cap
Supply tightening
weight 8%
60-2.0% YoY
500.0% YoY
70-4.0% YoY

Winner per dimension

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

  1. Launceston

    2/8
    • Rental yield
    • Construction pipeline
  2. Devonport

    2/8
    • Capital growth (5y)
    • Affordability
  3. Kingston

    2/8
    • Rental demand
    • Supply tightening

Why Launceston

Stable entry point

6.1%/yr capital growth, tight 1.8% vacancy.

Drivers
  • Capital growth6.1%/yr
  • Supply tightening-2.0% YoY
Risks

No material risk flags raised by the model.

Construction ·UTAS Launceston Inveresk Campus1.5 kmRecently completed · 2024

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 Kingston

Stable entry point

listings tightening 4.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Capital growth6.7%/yr
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 310.5 kmConstruction · 2026