This property is Off Market
With an average age of 51, households expect an average monthly mortgage payment of $1,200 or a weekly rent payment of $285. The average family earns a weekly income of $1,586 with a typical household size of 2.4 and a 90.27% employment rate.
In George Town there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in George Town is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The high percentage of professional people in George Town classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in George Town requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 3%)
George Town a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Tasmania State average 45 / 100
Income
15 / 100
41 / 100
Industry
40 / 100
40 / 100
Population
42 / 100
40 / 100
House Prices
43 / 100
65 / 100
Jobs
41 / 100
38 / 100
Incidents Trend State Average
Exeter Primary School
Exeter, TAS, 7275 State K-6
Star of the Sea Catholic College
George Town, TAS, 7253 Independent Prep-10
Exeter High School
Exeter, TAS, 7275 State 7-10
South George Town Primary School
George Town, TAS, 7253 State K-6
Port Dalrymple School
George Town, TAS, 7253 State K-12
Beaconsfield Primary School
Beaconsfield, TAS, 7270 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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