George Town is a historic port town on the Tamar River estuary north of Launceston, offering some of the cheapest waterfront-adjacent properties in Australia. A growing influx of retirees and lifestyle buyers from the mainland is driving renewed vitality, improved amenity, and strong upward price momentum from a low base. At the current $300k median house price, an 80% loan at 6.25% over 30 years is about $1,478 per month.
| Median house price | $300,000 |
|---|---|
| Median unit price | $186,000 |
| Estimated monthly repayment | $1,478 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5% |
| Gross rental yield | 7.2% |
| Typical days on market | 38 |
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