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George Town is a suburb in George Town Council, Australia with 4347 residents. The median house price is $370K with a rental yield of 5.7%. Our analysis rates George Town with a suburb score of 65/100 for investment timing.
Property prices in this suburb are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength. Monitor price growth trends and vendor discounting to time your investment.
65
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
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George Town has a suburb score of 65/100 for investment timing, placing it in the moderate investment category within George Town Council. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find George Town suitable for their portfolio.
George Town's capital growth outlook is moderate based on current market indicators. George Town shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
George Town is located within George Town Council Local Government Area in Australia. George Town Council encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether George Town is outperforming or underperforming relative to neighboring suburbs.
The current median house price in George Town is $370K based on recent sales data. At this price point, George Town offers an affordable entry into the Australia property market, potentially providing higher rental yields and cash flow positive investment opportunities.
George Town has an average rental yield of 5.7%, which is above the national average, making it attractive for investors prioritizing cash flow and rental income. High-yield suburbs like George Town can provide positive cash flow from day one, offsetting holding costs and mortgage payments.
George Town has a population of approximately 4347 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. George Town is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
George Town's suburb score of 65/100 can be compared against other suburbs in George Town Council to identify relative investment value. With a score between 50-80, George Town sits in the middle tier of George Town Council suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in George Town Council using our platform to find the best investment opportunities.
