At number 2123th in the list of Australian suburbs ordered by increase in median house value over the last year, George Town, 7253 is in the BOTTOM 50% with a property value increase of 5.86% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, George Town comes in at number 32th in TAS.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in George Town itself are offering an average vendor discount of -6.67% to real estate investors.
In the last year 121 properties changed hands in George Town, which puts it as the 11th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $2520 per annum or $210 every week.