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Investment Property George Town, TAS, 7253

Suburb Snapshot

George Town is a suburb in the George Town Region of Tasmania. George Town has a population of 4,349 people and 32.33% of its occupants live in rental accommodation. The median listing price for houses is $429,000 and this has changed 8.60% over the past year and changed 13.79% over 2 years.

The median rent in George Town for houses is $390 per week and the median rental yield is 4.72%. Stock on the market for houses/townhouses has changed 35.14% compared to last year and the average time to sell a house/townhouse is 107 days.The median listing price for units is $452,500 and this has changed -0.55% over the past year. The average unit takes 107 days to sell and the median rent for a unit in George Town is $295 per week, producing a rental yield of 3.39%.

Supply & Demand in George Town, George Town

1.08%

Current vacancy rate


26

Rental stock available


4,349

Population


32.33%

Rental population


0.80%

Current vacancy rate


33

Rental stock available


6,759

Population


22.86%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


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Statistical data for George Town, George Town

  House Townhouses Units
Median listing price $429,000 NA $452,500
Median price change - last quarter -4.46% NA -2.47%
Median price change - 1 year 8.60% NA -0.55%
Median price change - 2 years 13.79% NA NA
  House Townhouses Units
Median weekly rent $390 NA $295
Median yield % 4.72% NA 3.39%
Median rent change - 1 year 2.63% NA 3.50%
  House Units
Previous month sales 7 2
Stock on market previous month 50 11
Stock variance vs. last year 35.14% 83.33%
Average days on market 107 107

George Town investment property listings

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