AREA REPORTS

George Town

 

 

TAS/
George town

Suburb Profile

George Town - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7253

house
unit
GEORGE TOWN ranks 157th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 3.13% for the past year is lower than average compared to its 32% 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 $165,000, and the average rent at $247.5, this suggests property owners could potentially earn a 7.8% increase in gross rental yield.

Property investors have seen a 3.13% gain in GEORGE TOWN based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 0.15% growth over a ten-year period. It ranks 3880th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $165,000 $188,500
GROWTH REPORT
Median Quarterly 3.13% -0.26%
Median 12 month 3.13% N/A
Median 3 years 13.79% -10.24%
Median 5 years 32% N/A
10 years average annual 0.15% -11.9%
Weekly media advert. rent $247.5 $160
Time on Market 80.6 days 130.7 days
Gross Rental Yield Percent 7.8% 4.41%
demographics (median values)
Total Population
4266
Weekly Household Income
601.3
Household Size
2.50
demographics
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