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George Town vs Old Beach — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $700kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. George Town

    TAS · 7253
    40Below trend
    Median
    $425k
    5y growth
    7.6%/yr
    GrowthThin market · ~5k residents

  2. Old Beach

    TAS · 7017
    47Average
    Median
    $645k
    5y growth
    7.2%/yr
    BalancedStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
George Town
Old Beach
Capital growth (5y)
weight 22%
767.6%/yr
727.2%/yr
Rental yield
weight 13%
542.7%
643.2%
Rental demand
weight 10%
352.6%
681.3%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
4411.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
3939% under cap
88% under cap
Supply tightening
weight 8%
40+2.0% YoY
70-4.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. George Town

    2/8
    • Capital growth (5y)
    • Affordability

  2. Old Beach

    4/8
    • Rental yield
    • Rental demand
    • Income growth
    • Supply tightening

Why George Town

Thin market · ~5k residents

7.6%/yr capital growth, 2.7% gross yield.

Drivers
  • Capital growth7.6%/yr
Risks
  • Only 4,536 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus43.4 kmRecently completed · 2024

Why Old Beach

Stable but fully priced

7.2%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.2%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Rental yield3.2%
Risks
  • At top of budget (92% of cap)
  • No major construction project in this state

Construction ·New Bridgewater Bridge7.1 kmConstruction · 2025