Free market report · Data to July 2026
George Town property market
George Town is one of the 453 council areas we track on the Australian property clock. This page is the plain-numbers read: where it sits in the cycle, who lives there, what's being built, and the suburbs inside it.
Houses · cycle position
Peak
The George Town house market is growing at its fastest pace in the current cycle. That is a momentum reading, not a crash call: markets can sit at peak growth for a long time before easing.
-1% to +11%
Modelled 12-month price range
+8.3%
Modelled 12-month rent change
Units · cycle position
Not enough unit sales in George Town for a reliable cycle reading. That's common outside the cities, and honest beats guessed.
The clock measures growth momentum, not price. Peak means growing fastest, not about to fall. See George Town on the clock.
The people
Who lives in George Town.
Population · ABS estimates
7,420
People (2025)
+0.6%
Growth per year, last 5 years
Steady growth. Not a boom town, not going backwards.
Households · Census 2021
49
Median age
$996
Median household income per week
69% own or are paying off their home, 27% rent. An owner-occupier market at heart, which tends to steady prices through the cycle.
New supply
What's being approved to build.
Building approvals are tomorrow's supply. A market where approvals are falling while population grows is a market where pressure builds. The reverse deserves caution.
Dwellings approved · ABS
65 of the latest year's approvals were houses. Approvals are roughly steady year to year.
Jobs and investment
Who's working, and what's being spent.
Jobs pay mortgages and rents. Government and commercial building spend is where future jobs come from: schools, hospitals, shops and factories all get approved before they get built.
Jobs · SALM, March 2026
2,866
Employed residents
6.8%
Unemployment (national 4.2%)
190 more residents are in work than five years ago (+7.1%). Steady jobs growth, in line with a healthy regional economy.
Non-residential building approved · ABS
$18m
All sectors, FY26
$14m
Public sector (government projects)
| Year | Government | All non-residential |
|---|---|---|
| FY24 | $2m | $2m |
| FY25 | $840k | $5m |
| FY26 | $14m | $18m |
Public building spend here is trending up. Governments build where they expect people. For the named projects behind these numbers, ask for the full report below.
Inside the LGA
The suburbs of George Town.
We hold live snapshot data for one suburb in George Town. Click through for the full numbers.
| Suburb | Typical price | Rent/wk | Gross yield | 1yr growth |
|---|---|---|---|---|
| George Town | $496,524 | $469 | 4.9% | +11% |
All 15 suburbs and localities in George Town
Beechford · Bell Bay · Bellingham · George Town · Hillwood · Lefroy · Long Reach · Low Head · Lower Turners Marsh · Lulworth · Mount Direction · Pipers Brook · Pipers River · Stony Head · Weymouth
Free · Pulled together by hand
Want the full workup on George Town?
This page is the public data. The full report is the licensed feed: 10 years of prices, rents and vacancy over time, days on market, demand, and the supply pipeline, for George Town or any suburb in it. Same data we run for clients. I pull it and email it through, usually within a business day. No charge, and no 14-part email sequence after it.
General information only, not financial or investment advice. Cycle positions and projections are modelled LGA-level figures to July 2026 (licensed market analytics). Population and approvals are ABS estimates; employment is SALM smoothed data; income, age and tenure are Census 2021. None of it can see street quality, flood maps, zoning or the contract, which is where deals are actually won and lost. Get advice on your own situation before acting.
Data finds the area. It doesn't buy the house.
We narrow 15,000 suburbs to the top 5 for each client, then find the street and the property. If George Town is on your list, that's a conversation worth having early.