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George Town

POSTAL CODE: TAS, 7253
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GEORGE TOWN ranks 78th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 17.05% for the past year is lower than average compared to its 86.21% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in GEORGE TOWN, the median home price is sitting at $405,000, and the average rent at $400, this suggests property owners could potentially earn a 5.14% increase in gross rental yield.

Property investors have seen a 10.96% gain in GEORGE TOWN based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on GEORGE TOWN, 7253 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 17.05%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 11.41% growth over a ten-year period. It ranks 4115th on our list of suburbs that property investors should look into.

Surburb overview

George Town, with the postcode 7253, is a historic town located approximately 50 kilometres north of Launceston in Tasmania, situated at the mouth of the Tamar River. The population is around 7,000 residents, comprising a mix of families, professionals, and retirees, contributing to a diverse and dynamic community.

George Town falls under the jurisdiction of the George Town Council, which ensures well-maintained infrastructure and community services. Public transportation options include bus services connecting George Town to Launceston and other nearby towns. The town is also accessible by car via the East Tamar Highway, facilitating convenient travel to Launceston and the surrounding areas.

Educational facilities in George Town include several local schools such as George Town Primary School, Star of the Sea Catholic College, and Port Dalrymple School, which cater to students from primary through to secondary levels. For higher education, residents have access to institutions in Launceston, including the University of Tasmania and various vocational training centres.

George Town offers a range of shopping and essential services, with several local shops, supermarkets, cafes, and dining options available within the town. The George Town Plaza serves as a focal point for shopping and community services.

The York Cove and Windmill Point offer scenic spots for walking, picnicking, and enjoying the natural beauty of the Tamar River. The nearby Low Head Peninsula is a popular destination, featuring historical sites such as the Low Head Pilot Station and Lighthouse, as well as opportunities for swimming, fishing, and coastal walks. The George Town Yacht Club is a hub for local boating enthusiasts, offering facilities and events for members and visitors.

George Town has a rich historical heritage, being one of the oldest European settlements in Australia. The George Town Watch House Museum and the Bass & Flinders Centre showcase the town's maritime history and cultural heritage, providing educational and interactive experiences for residents and visitors alike.

The annual Tamar Valley Folk Festival attracts musicians and visitors from across the region, celebrating folk music, dance, and arts. Local markets, sports events, and cultural activities provide opportunities for residents to come together and enjoy the vibrant community spirit.

Residents of George Town benefit from its picturesque coastal lifestyle while having access to the amenities and attractions of Launceston. The town's natural beauty, recreational opportunities, and rich history make it a unique and appealing place to live for those who value a close-knit community and a serene environment.

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