George Town at a glance
4,972
People
$465,050
Median sale
$410/wk
Median rent
4.58%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
TAS › George Town › Macquarie St
$385,000
Last sold
8 July 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
1,151 m²
Land
107 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$385,000
8 July 2022 · derived via latest_sale
Local land rate: recorded House sales in George Town (last 5 years) with land size have a median of $513/m² of land (n=101). Districts calculation from recorded sales — not a valuation.
George Town at a glance
4,972
People
$465,050
Median sale
$410/wk
Median rent
4.58%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Vs George Town
-17.2%
Median sale
Suburb $465,050
+0.96 pp
Gross yield
Suburb 4.58%
Suburb median $465,050 from 86 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $410/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
George Town at a glance
4,972
People
$465,050
Median sale
$410/wk
Median rent
4.58%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts East TamarYour car will get very little use if you choose to live at this address. The property is located only 100 metres from the main street so all your shopping needs are just a leisurely walk from your doorstep.
With relaxing views looking across the park and out over the waters of York Cove you will find this home the perfect remedy to unwind after a hard days work. The house consists of 3 bedrooms (2 with built-ins), a good sized loungeroom with a reverse cycle air conditioner and a generous kitchen with plenty of cupboard space. The backyard is enormous (1151m2), with enough room to build a unit (STCA) or just a great sized yard for keeping the children or pets occupied.
If this isn't enough room then there is a park right in front of the property and the mountain bike pump track is just across the road, great for keeping children entertained and taking their first step into the world of mountain biking. This property is also within walking distance of the Star Of The Sea College and the local swimming pool.
This property could also make a great BnB being located just across the park from the proposed Mountain Bike Hub with the path to the George Town Mountain Bike Trails passing right by the property.
Whatever your intentions are, this property ticks many boxes.
The property is now tenanted, with a lease that is set to expire in late November 2022.
George Town has a lot to offer with 3 schools, modern hospital, 2 supermarkets as well as hardware supplies and other shopping conveniences. There are also a number of sporting facilities, swimming centre and social clubs. As well as an internationally designed and built mountain bike trails with Stage 1 now opened and construction on Stage 2 nearly complete. All this only minutes from the beach and only a 35 minute drive to Launceston and less than one hour to the Launceston Airport.
For further details on this property contact Andrew Michieletto or Melissa Bennett at Harcourts East Tamar.
Harcourts East Tamar has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however, we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Andrew Michieletto, Harcourts East Tamar — reproduced as published, not verified by Districts.