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Snug vs Devonport vs Casey — 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. Snug

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

  2. Devonport

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

  3. Casey

    ACT · 2913
    60Strong
    Median
    $845k
    5y growth
    9.2%/yr
    GrowthStable but fully priced

Metric breakdown

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

Metric · weight
Snug
Devonport
Casey
Capital growth (5y)
weight 22%
707.0%/yr
727.2%/yr
929.2%/yr
Rental yield
weight 13%
532.7%
532.6%
623.1%
Rental demand
weight 10%
681.3%
402.4%
681.3%
Population growth
weight 12%
313.1%
313.1%
919.1%
Income growth
weight 12%
5213.0%
4812.0%
6817.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
2424% under cap
4545% under cap
66% under cap
Supply tightening
weight 8%
70-4.0% YoY
500.0% YoY
70-4.0% YoY

Winner per dimension

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

  1. Snug

    0/8

    No outright lead on any single dimension.

  2. Devonport

    1/8
    • Affordability

  3. Casey

    4/8
    • Capital growth (5y)
    • Rental yield
    • Population growth
    • Income growth

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

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 Casey

Stable but fully priced

9.2%/yr capital growth, population +9.1% (5y).

Drivers
  • Capital growth9.2%/yr
  • Population growth+9.1% (5y)
  • Supply tightening-4.0% YoY
  • Income growth+17.0% (5y)
Risks
  • At top of budget (94% of cap)
  • No major construction project in this state