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Invest in Devonport's Development

Services 70,000 population

Retail and Service Centre for population growth.
  • 70,000 people live within 35kms of Devonport CBD
  • Devonport positioning itself as Retail and Service Centre for the Region.
  • Independent Retail Study commissioned highlights need for 17,000m2 new retail by 2036 – PDF.
  • New Local Neighbourhood Centre proposed at Stony Rise Road
  • Tourist numbers increasing – New 187 Room Novotel Hotel opened in 2022.

50% of State’s Freight

Busiest Freight Port in Tasmania
  • More than 50% of Tasmania’s containerised Freight lands in Devonport (304,865 TEUs 2021/2022) on 867 Vessels
  • Projected 40% increase in freight to/from Devonport
  • TasPorts investing $240 million to expand operations in Devonport.
  • New $116M vessel on order.

450,000 passengers every year

Home to Tasmania’s Sea Entrance 

6 return passenger flights daily

Airport Expansion 

GDP $3,450M (Devonport Region)

Thriving Economically 
  • Devonport’s Gross Domestic Product (GDP) growing faster than State average.
  • GDP Devonport region $3.5 billion
  • New agricultural irrigation project to inject $104 million in economy every year (Don – Tasmanian Irrigation)
  • Diversified industry base.
  • Retail precinct in Devonport undergoing development.
Employment Growing
  • Employment has grown by 9.5% (2016 – 2021) 
  • 12,688 people employed in the city 
  • Sectors with highest employment are retail and health 

7% population growth over past 5 years

Population Growth
  • 7% population growth in five years 
  • Residential Growth Strategy planning for population of 30,000 by 2030
  • Population of 35,000 by 2040 
  • 1,900 new houses to be built by 2030
New leisure opportunities 
  • New $25Million indoor recreation facility to be constructed 

As the land gateway into Tasmania and the epicentre of significant infrastructure investment, Devonport is transforming into a place of growth and long-term prosperity.

Devonport has a diversified economy based on the traditional sectors of Retail Trade, Health Care and Social Services, Manufacturing, and Freight. With LIVING CITY, Devonport is emerging as the service, retail, tourism and cultural capital of North West Tasmania.  This is creating rapidly growing opportunities in our traditional sectors as well as Accommodation and Food Services, Education, Construction and Professional Services industries – Devonport is now a compelling option for business investment. 

Download the City of Connection – Invest Devonport Business Prospectus here.

Devonport Projects

Invest in Devonport

DEVONPORT’s FUTURE IS BRIGHT

Stronger Economy

DEVONPORT PORT

  • Busiest freight port in Tasmania.
  • Home to over 50% of State’s exports/imports.
  • TasPorts investing $240 million to expand operations.

TOURIST GATEWAY OPPORTUNITIES

  • New Spirits of Tasmania arriving 2024.
  • Additional 160,000 passengers annually into Devonport.
  • State’s third largest airport – six return flights daily to Melbourne.

MORE $$$ IN LOCAL ECONOMY

  • Devonport’s Gross Domestic Product (GDP) growing faster than State average.
  • GDP Devonport region $3.5 billion.

LEADERS IN AGRICULTURE

  • Massive investment in agricultural irrigation projects to inject $104 million in economy every year.
  • Expanding food manufacturing hub.

More Jobs

EMPLOYMENT IS GROWING

  • Employment has grown by 9.5% (2016-2021).
  • 12,688 people employed in the city.
  • Sectors with highest employment are retail and health.

 

New Facilities

A MORE LIVABLE CITY

  • New $25 million indoor recreation facility to be constructed.
  • New $17 million waterfront park complete.
  • Retail expansion forecast.

COMPLETED LIVING CITY PROJECTS

  • Contemporary conference and events venue.
  • Combined arts and tourism centre.
  • All-weather modern pavilion showcasing local food and beverage.

LIVING CITY CONTINUES

  • Fenton Way mixed use area in planning stages (stage 3).
  • Exploring opportunities for Council- owned land in CBD.

TOURISM BOOST

  • New $49 million Novotel Hotel.
  • Home Hill revamp project.
  • State Vehicle Entry Beautification Project.

Population Growth

DEVONPORT IS GROWING

  • 7% population growth in five years.
  • Residential Growth Strategy planning for population of 30,000 by 2030.
  • Population of 35,000 by 2035.
  • 1,900 new houses to be built by 2030.
  • 70,000 people live within 35kms of Devonport CBD.
  • Retail and service centre for region.
  • Flow-on effects include more jobs, economy boost.

Ready to invest?

Infrastructure, innovative, investment

Get in contact! One of our friendly staff will be happy to help.