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Old Beach vs Devonport vs Punchbowl — 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. Old Beach

    TAS · 7017
    49Average
    Median
    $645k
    5y growth
    7.2%/yr
    BalancedStable entry point

  2. Devonport

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

  3. Punchbowl

    TAS · 7249
    44Below trend
    Median
    $565k
    5y growth
    6.3%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Old Beach
Devonport
Punchbowl
Capital growth (5y)
weight 22%
727.2%/yr
727.2%/yr
636.3%/yr
Rental yield
weight 13%
643.2%
532.6%
512.6%
Rental demand
weight 10%
681.3%
402.4%
551.8%
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%
2828% under cap
4545% under cap
3737% under cap
Supply tightening
weight 8%
70-4.0% YoY
500.0% YoY
60-2.0% YoY

Winner per dimension

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

  1. Old Beach

    3/8
    • Rental yield
    • Rental demand
    • Supply tightening

  2. Devonport

    1/8
    • Affordability

  3. Punchbowl

    0/8

    No outright lead on any single dimension.

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

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 Punchbowl

Stable entry point

6.3%/yr capital growth, tight 1.8% vacancy.

Drivers
  • Capital growth6.3%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus5.4 kmRecently completed · 2024