Suburb Profile Report for George Town TAS (7253)

George Town House: Median price $189,500, Annual capital growth 1.54%, Number of sales 97, Weekly median advertised rent $260

George Town Unit: Median price $252,000, Annual capital growth 20.30%, Number of sales 10, Weekly median advertised rent $190

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

George Town, 7253 ranked 111th in TAS when comparing growth in median property values or capital gain over the last 12 months. George Town is one of 606 in our list for TAS

While George Town,7253 ranked number 125th in TAS for increase in median house value (annualised) increase, it is ranked 127th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in George Town itself are offering an average vendor discount of -3.62% to real estate investors.

At number 1583 in a list of fastest selling suburbs, George Town is just in the top half of suburbs in Australia with an average of days on market 69.9859 for properties listed there.

Renters in Suburb are facing rents around $13520 per annum or $260 every week.

TAS has seen average median house prices change by 6.31% which means that George Town, 7253 has done well for property investors by showing a capital gain of 22.93% over the last year

Advertised rents are around the $190 mark per week – giving a return of 3.92% based on the median price in Suburb

Metrics i HOUSE UNIT
$189,500 $252,000
0.26% 15.60%
4.70% 22.93%
1.54% 20.30%
$260 $190
97 10
7.13% 3.92%
69.9859154929577 N/A

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Balanced (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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