Thinking about buying in George Town? Now could not be a better time, with just 153 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $291,000 with prices in this suburb ranging from $15,000 to $1,236,000. George Town is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
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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.
46 DAVIS ST, BEECHFORD, TAS, 7252 | 3 | Best Offer Over $275,000 |
Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.7 | 14.1 | 20.7 | 55.2 | 85.4 | 6.7 | 25.9 |
Feb | 1.1 | 14.7 | 21.2 | 60.2 | 86.7 | 6.8 | 20.6 |
Mar | 2.4 | 13.2 | 19.9 | 61.9 | 88.1 | 6.6 | 15.2 |
Apr | 2.0 | 11.5 | 17.8 | 63.1 | 90.2 | 7.1 | 11.0 |
May | 1.9 | 9.2 | 15.2 | 68.6 | 92.7 | 7 | 7.5 |
Jun | 2.6 | 7.5 | 13.4 | 73.9 | 93.7 | 7.1 | 5.8 |
Jul | 2.5 | 7.0 | 12.7 | 69.0 | 91.1 | 7.8 | 6.6 |
Aug | 1.7 | 6.7 | 12.8 | 74.1 | 91.8 | 7.4 | 9.5 |
Sept | 1.5 | 8.6 | 14.2 | 59.4 | 85.0 | 7.6 | 14.1 |
Oct | 1.5 | 9.7 | 15.6 | 60.9 | 87.4 | 7.5 | 19.3 |
Nov | 2.3 | 11.4 | 17.3 | 61.8 | 89.3 | 7.1 | 24.0 |
Dec | 1.4 | 12.9 | 18.9 | 60.7 | 88.6 | 7.6 | 27.5 |
source: Australian Government Bureau of Meteorology
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