TAS has seen average median house prices change by 6.13% which means that George Town, 7253 has done well for property investors by showing a capital gain of 0.00% over the last year
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.
Property investors looking for a bargain in George Town should be aiming for at least -6.22% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2712 in a list of fastest selling suburbs, George Town is in the bottom 30% of suburbs in Australia with an average of days on market 102.01 for properties listed there.
A $200 per week rent on the median house gives suburb investors a gross yield of circa 7.17%, without taking into account capital value appreciation, which has been averaging out at -0.40%.