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Rose Bay vs Devonport vs Midway Point — 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. Rose Bay

    TAS · 7015
    46Average
    Median
    $765k
    5y growth
    6.5%/yr
    BalancedStable entry point

  2. Devonport

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

  3. Midway Point

    TAS · 7171
    48Average
    Median
    $645k
    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
Rose Bay
Devonport
Midway Point
Capital growth (5y)
weight 22%
656.5%/yr
727.2%/yr
707.0%/yr
Rental yield
weight 13%
572.9%
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%
1515% under cap
4545% under cap
2828% 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. Rose Bay

    2/8
    • Income growth
    • Supply tightening

  2. Devonport

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

  3. Midway Point

    1/8
    • Rental yield

Why Rose Bay

Stable entry point

listings tightening 5.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Capital growth6.5%/yr
Risks
  • No major construction project in this state

Construction ·Macquarie Point Stadium3.1 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 Midway Point

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 ·Macquarie Point Stadium18.6 kmPlanned · 2029