SOLD: 25 Victoria Parade in Devonport. Picture: SUPPLIED

THE busiest property market in Tasmania is not Sandy Bay, Battery Point or South Hobart.

It’s not even the northern capital, Launceston.

It is actually Devonport and by a wide margin, too.

There were 314 house sales in Devonport, per CoreLogic figures for 2018, a whopping 129 more than silver medal suburb Glenorchy.

The suburbs with the next highest sale figures were Riverside in the West Tamar (158), Kingston (150) and New Norfolk (143).

Kingston recorded the highest median price of these top five suburbs at $505,000, while Devonport was the second most affordable at $262,500.

As well as being the busiest market for house buyers, Devonport also recorded 103 unit sales last year, which was just two fewer than Glenorchy.

In the neighbouring region, there were 87 homes sold in East Devonport and one house sale in West Devonport, per CoreLogic.

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Real Estate Institute of Tasmania North-West president and principal at Halliwell Property Agents, Alan Halliwell, said there was a huge amount of activity in Devonport of late.

He said a properly priced property in Devonport would sell “pretty much straight away”.

“Devonport has a bit of development activity going on including the Living City project, which is well under way in Stage 2, and the golf club — another huge development — it is being transformed into the Devonport Country Club.”

Mr Halliwell said there was a migration to Devonport with people moving to the area from Burnie, Ulverstone or Smithton for career opportunities or for the lifestyle.

Mr Halliwell said Devonport had seen a bit of price growth, primarily for homes under the $400,000 mark, but less so in the upper end of the market.

One Agency Collins Real Estate property specialist Sharyn Crack recently sold a grand Edwardian home on Victoria Parade for more than $1 million.

While she cannot disclose how much it sold for, the 1918-built Brae-Marnie had been on the market at “Offers over $1.25 million”.

Mrs Crack said it was “not very often” that a residential property in Devonport topped the $1 million mark.

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