Suburb Profile Report for George Town TAS (7253)

George Town House: Median price $163,000, Annual capital growth 0.08%, Number of sales 143, Weekly median advertised rent $248

George Town Unit: Median price $188,000, Annual capital growth 8.02%, Number of sales 17, Weekly median advertised rent $160

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

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

Metrics i HOUSE UNIT
$163,000 $188,000
0.62% -14.35%
1.88% -42.60%
0.08% 8.02%
$248 $160
143 17
7.90% 4.43%
61.21 146.16

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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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