All About Devon Hills, Northern Midlands, TAS, 7300

Devon Hills in the Northern Midlands of Tasmania offers a unique blend of rural charm and modern living, making it an appealing place for potential homeowners. The housing market here, like much of Tasmania, has seen significant interest in recent years, partly due to its serene environment and beautiful landscapes. Properties in Devon Hills generally range from character-filled older homes to newer constructions, offering a variety of options for different budgets. The area has gained attention for its more affordable housing compared to larger Tasmanian cities, attracting families, retirees, and investors looking for a peaceful life without straying too far from urban conveniences.

Living in Devon Hills provides residents with a tranquil lifestyle amidst picturesque scenery. The community is known for its welcoming atmosphere, where neighbors often engage in local activities and events. Despite its rural feel, Devon Hills is conveniently located near Launceston, providing easy access to more extensive shopping, dining, and healthcare facilities. Outdoor enthusiasts will appreciate the proximity to natural attractions, with opportunities for hiking, cycling, and exploring the lush landscapes that northern Tasmania offers. Overall, Devon Hills is ideal for those looking seeking peaceful living with the benefits of community spirit and easy access to nearby amenities.

Devon Hills Real Estate Market Outlook

Thinking about buying in Devon Hills? Now could not be a better time, with just 161 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $782,000 with prices in this suburb ranging from $31,000 to $2,361,000. The aproximate distance to the coast is 55 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Devon Hills due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Devon Hills classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Devon Hills requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

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Public Transport

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General Points of Interest

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