Suburb Profile Report for George Town TAS (7253)

George Town House: Median price $161,000, Annual capital growth -0.17%, Number of sales 147, Weekly median advertised rent $240

George Town Unit: Median price $189,000, Annual capital growth 3.61%, Number of sales 19, Weekly median advertised rent $160

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

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.

Metrics i HOUSE UNIT
$161,000 $189,000
-0.62% -24.40%
0.63% -19.57%
-0.17% 3.61%
$240 $160
147 19
7.75% 4.40%
63.52 162

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Very good (H), Above average (U)
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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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Recent sales & rentals