If you compare the increase in value of investment property in George Town, 7253 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 0.63%.
George Town,7253 was ranked 2803 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in George Town should be aiming for at least -3.06% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $12480 per annum or $240 every week.
George Town has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -19.57% to date .
The five-year average increase in median property values for George Town,7253 has given property investors a potential capital gain of 5.00% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in George Town, 7253. Typically our figures indicate that -8.69% is being offered, which puts this TAS suburb at 277th most discounted overall in Australia.
Renters in Suburb are facing rents around $8320 per annum or $160 every week.