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Norwood vs Devonport vs Snug — 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. Norwood

    TAS · 7250
    44Below trend
    Median
    $595k
    5y growth
    6.2%/yr
    BalancedStable entry point
  2. Devonport

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

    TAS · 7054
    47Average
    Median
    $685k
    5y growth
    7.0%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Norwood
Devonport
Snug
Capital growth (5y)
weight 22%
626.2%/yr
727.2%/yr
707.0%/yr
Rental yield
weight 13%
562.8%
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
0
Affordability
weight 8%
3434% under cap
4545% under cap
2424% 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. Norwood

    1/8
    • Rental yield
  2. Devonport

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

    2/8
    • Rental demand
    • Supply tightening

Why Norwood

Stable entry point

6.2%/yr capital growth, 2.8% gross yield.

Drivers
  • Capital growth6.2%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus4.8 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 Snug

Stable entry point

7.0%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.0%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 320.1 kmConstruction · 2026