AREA REPORTS

George Town

Suburb Profile

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

house
unit
GEORGE TOWN ranks 9th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 3.87% for the past year is lower than average compared to its 34.17% 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 $161,000, and the average rent at $220, this suggests property owners could potentially earn a 7.11% increase in gross rental yield.

Property investors have seen a 0.63% 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 -0.42% decrease over a ten-year period. It ranks 4111th 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 $161,000 $292,000
GROWTH REPORT
Median Quarterly 0.63% N/A
Median 12 month 3.87% N/A
Median 3 years 8.05% 46%
Median 5 years 34.17% N/A
10 years average annual -0.42% N/A
Weekly media advert. rent $220 $160
Time on Market 90.3 days 143.9 days
Gross Rental Yield Percent 7.11% 2.85%
demographics (median values)
Total Population
4266
Weekly Household Income
601.3
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Hobart

The top 50 regions of growing and declining dwelling value

New data has revealed the top 50 regions across the country that experienced the highest increase in dwelling values over the last year, as ...

House and coins

Housing finance difficulties to continue to June 2019

Many property investors were impacted by a tighter lending environment during 2018 and one top economist expects that the situation will not...

Christmas lights in the living room

Don’t let your tenant’s Christmas lights shine too brightly

With Christmas less than two weeks away, a reminder has been issued to landlords to ensure their tenants’ Christmas cheer doesn’t shine ...

Christmas and piggy bank

Buying and selling around Christmas: The pros and cons

As the festive season draws closer, you might be looking towards the new year and new beginnings. Holidays tend to encourage people to consi...

Sydney Australia

Expert insight: 3 factors that could hamper Sydney’s recovery

In five years’ time, experts predict a gradual upswing in the Sydney property market after a long period of downturn. However, there could...

House and coins

House prices see largest price drop for last 7 years

A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...