George Town is a smaller suburb in Tasmania within the George Town local government area (postcode 7253). With a population of 4,536, the suburb has a mature demographic with a median age of 45. Households earn a median income of $47K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in George Town is $430,000, having surged 11.7% over the past year. Units have a median price of $465,000 (+16.2% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $913.
George Town is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 905, which is below the national average of 1,000. Public transport access includes 5 bus stops.
From an investment perspective, George Town offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($430K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +11.7% year-on-year.
George Town is a smaller suburb in Tasmania within the George Town local government area (postcode 7253). With a population of 4,536, the suburb has a mature demographic with a median age of 45. Households earn a median income of $47K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in George Town is $430,000, having surged 11.7% over the past year. Units have a median price of $465,000 (+16.2% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $913.
George Town is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 905, which is below the national average of 1,000. Public transport access includes 5 bus stops.
From an investment perspective, George Town offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($430K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +11.7% year-on-year.