George Town is in the bottom 30% in TAS when comparing median price capital growth over the last year. George Town gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.11%.
Comparing George Town,7253 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -6.73% to buyers in George Town at the moment, which is less than average for the rest of TAS.
In the last year 99 properties changed hands in George Town, which puts it as the 14th most active market in TAS when comparing the number of sales per suburb.
George Town, 7253’s gross rental yield is 7.43%
Giving property investors a a poor capital gain of -43.94% for the last year, George Town, 7253 is the 1733th highest performer in Australia in this respect.
Renters in Suburb are facing rents around $1920 per annum or $160 every week.