Suburb Profile Report for George Town TAS (7253)

George Town House: Median price $145,000, Annual capital growth 0.50%, Number of sales 107, Weekly median advertised rent $200

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

George Town has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 2.11% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in George Town has fallen somewhat when compared to the 5 year average annual rate.

At number 85th of TAS’s most discounted properties, George Town is in the middle of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 8.92 sales per month, which equates to 107 per year.

Using the current median advertised rental of $200 and the average annual increase in value of a median property of 0.50%, investors should hope to achieve an overall return of 7.17%

HOUSE UNIT
$145,000 N/A
2.11% N/A
2.11% N/A
0.50% N/A
$200 N/A
107 N/A
7.17% N/A
96.91 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 4303
Median household income ($/weekly) 700
Median age of persons 38
Median housing loan repayment ($/monthly) 1083
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 643 14.9
    25-34 years 447 10.4
    35-44 years 514 11.9
    45-54 years 574 13.3
    55-64 years 582 13.5
    Others 1545 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1334 43.2
    Not Married 1327 42.9
    Defacto Relationship 429 13.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3653 88.8
    New Zealand 27 0.7
    Papua New Guinea 39 0.9
    United Kingdom 282 6.9
    Other 26 0.6
    Others 85 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 2580 66.7
    No Religion 1250 32.3
    Other Religious Groups 21 0.5
    Buddhism 15 0.4
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 215 13.9
    $400-$599 278 18.0
    $600-$799 204 13.2
    $800-$999 149 9.7
    $1,000-$1,249 148 9.6
    Others 548 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1639 51.4
    Employed, worked full-time 778 24.4
    Employed, worked part-time 478 15.0
    Unemployed, looking for work 189 5.9
    Employed, away from work 105 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 223 16.4
    Community & personal service workers 178 13.1
    Sales 135 9.9
    Machinery operators & drivers 223 16.4
    Labourers 274 20.2
    Others 324 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.1
    Infants/Primary 429 47.8
    Secondary 244 27.2
    Technical or Further Educational Institution 117 13.0
    University or other Tertiary Institutions 39 4.3
    Others 23 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3858 93.0
    Flat, unit or apartment 236 5.7
    Semi-detached, row or terrace house, townhouse 43 1.0
    Caravan, cabin, houseboat 10 0.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 661 39.7
    Fully owned 560 33.6
    Being purchased 435 26.1
    Other tenure type 10 0.6
    Tenure Type
Census 2011, ABS
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