Giving property investors a an average capital gain of 1.88% for the last year, George Town, 7253 is the 2170th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, George Town has given property investors a paper return of 0.62%. This puts Suburb as 131 on a list of fastest fasting appreciating suburbs in TAS
Our latest figures would indicate that property sellers in George Town are currently offering property investors an average price cut of -3.69% below the asking price at the moment.
Advertised rents are around the $247.5 mark per week – giving a return of 7.90% based on the median price in Suburb
Property value increases in George Town have tracked lower than the TAS average of 8.60% over the last 12 months.
George Town,7253 was ranked 1627 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that George Town is offering property investors an average of -4.12. This rate of discount on properties puts Suburb at number 6th in terms of most discounted suburbs in TAS
Advertised rents are around the $160 mark per week – giving a return of 4.43% based on the median price in Suburb