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The Spirit of Tasmania terminal, Devonport
Stony Rise · Devonport, North-West Tasmania
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The Spirit of Tasmania terminal, or the Don River at Stony Rise

Semi-rural living, minutes
from a half-billion-dollar
port upgrade.

Stony Rise is a quiet, semi-rural pocket inside Devonport's city limits, bounded by the Don River, four kilometres from the CBD. It's not a heritage pitch. Devonport's port precinct next door is currently mid-way through a $493 million ferry terminal upgrade, the centrepiece of a broader $240 million QuayLink redevelopment projected to lift Bass Strait freight capacity by 40%.

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+14.4%
12-Month Growth*
$677.5k
Median House Price
4.37%
Gross Rental Yield
$493M
Port Upgrade, Under Way Next Door
Why Stony Rise

Semi-rural living, without leaving the city.

Stony Rise doesn't carry its own town identity or heritage story, it's a semi-rural residential pocket on Devonport's southern edge, bounded by the Don River and crossed by the Bass Highway. What it offers instead is proximity without the price premium: acreage-style, quieter living that still sits inside Devonport's city limits, minutes from the CBD and a port precinct undergoing the largest infrastructure investment in the region's history.

Devonport is Tasmania's third-largest city and home to the state's busiest freight port. Spirit of Tasmania IV arrived at Devonport for commissioning in August 2026, part of a $493 million Berth 3 upgrade sitting inside a broader $240 million QuayLink port redevelopment projected to lift Bass Strait freight capacity by 40%.

It's also a thin, low-volume market, only 6 house sales in the past 12 months, so treat any single price or growth figure as indicative rather than precise. Median house price sits around $677,500, in line with the wider Devonport growth story.

A package ready to present in Stony Rise
$493M
Berth 3 / QuayLink port upgrade under way next door
728
Locality population, 2021 Census, up 13.2% since 2016
~4 km
To Devonport CBD, 5 to 12 minutes
6 sales
House sales in the past 12 months, a genuinely thin market

Proximity Without the Premium

Acreage-style, semi-rural living bounded by the Don River, inside Devonport's city limits, just 4km from the CBD.

A Half-Billion-Dollar Port Upgrade

The Spirit of Tasmania Berth 3 upgrade, $493 million, sits inside a broader $240 million QuayLink redevelopment projected to lift freight capacity by 40%.

Tasmania's Busiest Freight Port

Devonport is home port for the Bass Strait ferry service and handles the largest share of the state's containerised freight.

A Growing Locality

Population grew 13.2% between the 2016 and 2021 Census to 728 residents.

Strategic Location

Around 4km south of Devonport CBD, 5 to 12 minutes' drive, on the Bass Highway corridor.

A Thin, Genuine Market

Only 6 house sales in the past year keeps this a small, real market. We treat any single figure as indicative, not precise, and say so.

The Don River at Stony Rise
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The Don River, or a Stony Rise semi-rural street
~4 km / 5–12 min
Devonport CBD
99 km / ~1h10
Launceston, via the Bass Highway
~285 km / ~3.5 hr
Hobart
Next door
Spirit of Tasmania terminal & QuayLink precinct
The Pipeline

What's actually funded or already delivered, in Stony Rise and the wider Devonport region.

Energy & Industry

Don – Tasmanian Irrigation scheme. New agricultural irrigation infrastructure Devonport City Council states will inject $104 million a year into the regional economy. Capital cost and completion date not yet confirmed, don't quote a date without confirming with Tasmanian Irrigation.

Transport & Connectivity

Spirit Quay Devonport / Berth 3 (QuayLink). Revised budget $493 million, funded via TasPorts/TT-Line plus a $200 million Tasmanian Government package in the 2026/27 state budget. Spirit of Tasmania IV arrived for commissioning August 2026, commercial sailings targeted October 2026.

TasPorts QuayLink port redevelopment. $240 million overall, dredging, new wharf and Terminal 3 landside works, projected to lift Bass Strait freight capacity by 40%.

$420 million Bass Highway Northern Roads Package Stage 2. ($336m federal / $84m state), including a 5.1km safety upgrade between Latrobe and Sassafras on the Devonport–Launceston corridor. Construction expected to start April 2027.

Community

$60 to $61 million Devonport Oval Sports Complex. Federal, council and state funded; a three-court indoor community hall, showcourt hall and a St Lukes Wellness Hub, on track for mid-2027 completion.

$45 million Mersey Community Hospital redevelopment. Completed May 2025, a new Elective Day Surgery Centre and expanded surgical capacity.

Devonport Showground redevelopment. Privately funded, $75 million infill housing project, 200+ homes plus aged care, disability housing and public parkland; rezoning complete.

Key Metrics

Only 6 house sales in the past 12 months, a genuinely thin market. Treat every figure below as indicative, not precise.

$677,500
Median house price. CoreLogic via YIP; other sources $625,000–$660,000. Only 6 sales in the past year.
+3.90%
12-month growth. HtAG Analytics; a thin-sample CoreLogic figure runs higher at +14.35%, see the full history below.
$540 / wk
Median weekly rent. CoreLogic via YIP; no material disagreement found for Stony Rise specifically.
4.37%
Gross rental yield. CoreLogic via YIP; consistent with the regional Devonport-area range of 4.3% to 5%.
Not published*
Vacancy rate. *Best proxies disagree: HtAG estimates Devonport at 1.07%, InvestorKit puts it below 0.5% since early 2024.
Sources: HtAG Analytics (growth history) · Cotality/CoreLogic via Your Investment Property Magazine (6 house sales, most recent 12 months); PropertyValue.com.au; GetSoldPrice.com.au; RealEstateInvestar.com.au (listing-based); InvestorKit. Where sources disagree we favour the longer, more consistent data series and say so. With only 6 sales a year, treat single-figure claims with real caution.
Growth Over Time

HtAG Analytics, house price growth to Jun 2026.

3.90%
1 Year
16.02%
3 Years
27.60%
5 Years
63.82%
10 Years
Comparable Rentals

No Stony Rise-specific vacancy figure is published, and the best available proxies disagree materially: HtAG Analytics estimates Devonport (7310) at 1.07%, while InvestorKit's independent analysis puts it below 0.5% since early 2024.

We favour the number we can defend. Of the sources quoting Stony Rise's rent and yield, we lean on CoreLogic's sales-transaction-based figures over listing-based estimates, and we still get a written local appraisal before any number reaches a client.

What's solid: this is semi-rural, acreage-style living inside Devonport's city limits, next door to a $493 million port upgrade, at a median price of $677,500.

4.37%
Gross rental yield, CoreLogic
National average sits around 4.2%
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Don't take our word for the rent. Stony Rise sells only around 6 houses a year, so every figure moves around more than a bigger market. We favour the sales-transaction-based figures over modelled estimates, and we still get a written rental appraisal from an independent local property manager for the actual home design and estate presented before any client commits.

Want the numbers for Stony Rise?

Book a free 15-minute intro call. We'll walk you through the package, a local rent appraisal and build timeline for Stony Rise specifically.

Book My Free 15-Minute Call

Or call 1300 747 867

Straight answers, no fine print

Stony Rise, explained plainly.

Why Stony Rise specifically?
It's semi-rural, acreage-style living that still sits inside Devonport's city limits, four kilometres from the CBD, right next door to a $493 million ferry terminal upgrade and a broader $240 million port redevelopment. It's not a heritage pitch, it's a proximity-and-lifestyle one.
Only 6 sales a year, how reliable are these figures?
Treat them as indicative, not precise, and we say so throughout this page. A market this thin means one or two unusual sales can swing the median or the growth percentage significantly. The wider Devonport postcode, with a much larger sample, tells a consistently positive story, which gives us more confidence in the regional trend than in any single Stony Rise number.
Why don't you show a Stony Rise-specific vacancy rate?
Because none is published at suburb or postcode level, and the two best available proxies (HtAG and InvestorKit) disagree materially with each other. Rather than pick the more flattering number, we say plainly that a precise figure isn't available and lean on a written local appraisal instead.
Is the first call genuinely free and no-obligation?
Yes. It's 15 minutes, it's free, and there's no obligation. We'll look at your numbers and tell you honestly whether Stony Rise is the right fit.
Take the first step

Semi-rural living. City-limits
convenience. A half-billion-dollar
upgrade next door.

Book a free 15-minute intro call with a Property Investment Strategist. We'll walk you through Stony Rise and tell you honestly whether it fits your numbers.

Book My Free 15-Minute Call

Or call us on 1300 747 867  ·  admin@pistore.com.au