George Town is an average performer in TAS when comparing median price capital growth over the last year. George Town gave property investors a average capital gain figure when compared to the rest of the state, with 11.70%.
George Town,7253 was ranked 1022 in Australia by increase in median property value over the quarter.
Vendor discounting in George Town is giving property investors an average Vendor Discount of around -4.40%. This puts suburb at number 23th in TAS when ranking the most discounted suburbs.
With the median price for a house in George Town being $210000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 6.69%
Investment property in George Town has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.93%
The five-year average increase in median property values for George Town,7253 has given property investors a potential capital gain of -8.81% across each of those five years.
Property investors should expect to get $195 weekly from the median priced house in this suburb.