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%