GEORGE TOWN ranks 14th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 7.02% for the past year is higher than average compared to its 25.49% growth within a five-year period.
Also in GEORGE TOWN, the median home price is sitting at $160,000, and the average rent at $220, this suggests property owners could potentially earn a 7.15% increase in gross rental yield.
Property investors have seen a 0% 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 -0.52% decrease over a ten-year period. It ranks 4150th on our list of suburbs that property investors should look into.