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Lindisfarne vs Devonport vs Margate — 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. Lindisfarne

    TAS · 7015
    45Average
    Median
    $815k
    5y growth
    6.4%/yr
    BalancedStable but fully priced

  2. Devonport

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

  3. Margate

    TAS · 7054
    47Average
    Median
    $695k
    5y growth
    6.8%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Lindisfarne
Devonport
Margate
Capital growth (5y)
weight 22%
646.4%/yr
727.2%/yr
686.8%/yr
Rental yield
weight 13%
512.6%
532.6%
603.0%
Rental demand
weight 10%
681.3%
402.4%
681.3%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5614.0%
4812.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
99% under cap
4545% under cap
2323% under cap
Supply tightening
weight 8%
75-5.0% YoY
500.0% YoY
70-4.0% YoY

Winner per dimension

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

  1. Lindisfarne

    2/8
    • Income growth
    • Supply tightening

  2. Devonport

    2/8
    • Capital growth (5y)
    • Affordability

  3. Margate

    1/8
    • Rental yield

Why Lindisfarne

Stable but fully priced

listings tightening 5.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Capital growth6.4%/yr
Risks
  • At top of budget (91% of cap)
  • No major construction project in this state

Construction ·Macquarie Point Stadium4.2 kmPlanned · 2029

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 Margate

Stable entry point

listings tightening 4.0% YoY, 6.8%/yr capital growth.

Drivers
  • Supply tightening-4.0% YoY
  • Capital growth6.8%/yr
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 317.2 kmConstruction · 2026