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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In George Town, the median property price for a house is currently 350,000 with annual capital growth of -1.41 . There were 65 house sales in the past 12 months. On average, houses spend 38 days on market.
If you're thinking about buying an investment property in George Town, consider that rental yields for houses are currently 5.37 with an average median rent of 380 weekly. Houses have seen 1.16 growth in the past quarter, and -1.41 growth in the past 12 months.
The size of George Town is approximately 104.8 square kilometres. It has 26 parks covering nearly 26.7% of total area. The population of George Town in 2011 was 4,303 people. By 2016 the population was 4,338 showing a population growth of 0.8% in the area during that time. The predominant age group in George Town is 60-69 years.
Households in George Town are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in George Town work in a labourer occupation. In 2011, 57.8% of the homes in George Town were owner-occupied compared with 59.2% in 2016.
There were 8 unit sales in the past 12 months.
If you're thinking about buying an investment property in George Town, consider that rental yields for units are currently 4.72 with an average median rent of 290 weekly.
The size of George Town is approximately 104.8 square kilometres. It has 26 parks covering nearly 26.7% of total area. The population of George Town in 2011 was 4,303 people. By 2016 the population was 4,338 showing a population growth of 0.8% in the area during that time. The predominant age group in George Town is 60-69 years.
Households in George Town are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in George Town work in a labourer occupation. In 2011, 57.8% of the homes in George Town were owner-occupied compared with 59.2% in 2016.
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| Key Market Data | House | Unit |
| Median price | 350,000 | – |
| Quarterly growth | +1.16 | – |
| 12-month growth | -1.41 | – |
| Average annual growth | +13.60 | – |
| Weekly median rent | 380 | 290 |
| Gross rental yield | 5.37 | 4.72 |
| Number of Sales (12m) | 65 | 8 |
| Avg. Days on Market (12m) | 38 | – |
| Key Demographics | 2011 | 2016 |
| Total population | 4,303 | 4,338 |
| Population change (5y) | +0.89 | +0.80 |
| Median household income (p/w) | 723 | 818 |
| Household income change (5y) | +19.70 | +13.14 |
| Median age of persons | 38 | 43 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of George Town was 4,338 in 2016, a +0.80 change compared to 2011.
The predominant age group in George Town is 60-69 years.
The population of George Town was 4,338 in 2016, a +0.80 change compared to 2011.
The predominant age group in George Town is 0-9 years.
Most of the population in George Town were born in Australia.
Most of the population in George Town were born in Australia.
Most of the population in George Town report their religion as No Religion.
Most of the population in George Town report their religion as Anglican.
Most of the population in George Town report their income range as between 15,000 and 33,000 .
The median household income in George Town was 818 in 2016, a +13.14 change compared to 2011.
Most of the population in George Town report their income range as between 15,000 and 31,000 .
The median household income in George Town was 723 in 2011, a +19.70 change compared to 2006.
Most of the population in George Town work as Labourer.
Most of the population in George Town work as Labourer.
The chart below demonstrates the various levels of education in George Town.
The chart below demonstrates the various levels of education in George Town.
Most of the population in George Town reached a qualification level of Certificate.
Most of the population in George Town reached a qualification level of Certificate.
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