Property value increases in Georgetown have tracked just lower than the NSW average of 9.05% over the last 12 months.
While Georgetown,2298 ranked number 833th in NSW for increase in median house value (annualised) increase, it is ranked 701th over the last 5 years.
Our latest figures would indicate that property sellers in Georgetown are currently offering property investors an average price cut of -2.36% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.31%, without taking into account capital value appreciation, which has been averaging out at 5.26%.
At number 1720th in the list of Australian suburbs ordered by increase in median house value over the last year, Georgetown, 2298 is in the BOTTOM 10% with a property value increase of -28.57% recorded in median house prices.
Georgetown, 2298’s gross rental yield is 4.65%