Suburb Profile Report for George Town TAS (7253)

George Town House: Median price $289,500, Annual capital growth 2.59%, Number of sales 124, Weekly median advertised rent $230

George Town Unit: Median price $319,000, Annual capital growth 2.64%, Number of sales 10, Weekly median advertised rent $360

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 12.97% for the last year, George Town, 7253 is the 2606th highest performer in Australia in this respect.

George Town,7253 has offered an average of 12.97% return per annum in house price rises to property investors over the last three years.

Vendor discounting in George Town is giving property investors an average Vendor Discount of around -4.47%. This puts suburb at number 42th in TAS when ranking the most discounted suburbs.

The TAS suburb of George Town, 7253 is in the George Town (M) local government area.

TAS has seen average median house prices change by 18.47% which means that George Town, 7253 has done well for property investors by showing a capital gain of 3.92% over the last year

Across a shorter period, George Town, 7253 has seen a median price increase of 8.01% over the last quarter.

At number 36th of TAS’s most discounted properties, George Town is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$289,500 $319,000
8.01% 8.01%
12.97% 3.92%
2.59% 2.64%
$230 $360
124 10
5.72% 4.35%
90.4166666666667 43.0909090909091

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Good (H)
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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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