Question 1

Is Ulverstone a nice place to live?

Accepted Answer

Ulverstone sits on Tasmania’s north-west coast at the mouth of the Leven River beside a broad esplanade. The town has a compact centre of cafes, shops and services that steps down to riverfront parks and a popular beach, so walking, boating and fishing are common every day activities. Housing ranges from timber cottages and single-storey family homes to beachfront units and more recent suburban streets, and the place attracts families, sea-change residents and retirees. The Bass Highway links Ulverstone to other north-west coast centres, and local clubs and events keep community life active.

About 6,653 people live in Ulverstone, with a median age of 49 and a median household income of $1,012 a week. Most homes are owner-occupied and families are largely couple-based. The council is progressing a waterfront masterplan and other local projects, including pathway and shared-path upgrades, a skate-park redevelopment, improvements to sports and leisure facilities and a housing structure plan, all of which aim to strengthen connections between the town, beach and foreshore.

Question 2

Is it expensive to live in Ulverstone?

Accepted Answer

On the figures for Ulverstone, buying sits well above what a typical local household earned at the last Census. A median house at $670,000 is about 12.7 times a typical local annual household income at the last Census, while a median unit at $481,750 is about 9.2 times. Renting also takes a large share of weekly income: $480 a week for a house is about 47.4% of a typical local household's weekly income at the last Census, and $400 a week for a unit is about 39.5%. So both buying and renting would absorb a sizeable to large share of what a typical local household earned at the last Census; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Ulverstone a good place to invest?

Accepted Answer

Unit values in Ulverstone jumped 25.5% over the past 12 months, a strong rise, while unit rents increased 11.1%, also a strong gain but smaller than the value lift. By contrast, house values rose a modest 3.5% and house rents were up a solid 6.7%. Overall, units have been the stronger performer on capital growth this year and have seen higher rent growth than houses, whereas for houses the income side outpaced price growth.

For someone weighing Ulverstone up as an investment, the figures show where returns occurred over the past year: units drove most of the capital growth, and houses delivered faster rent growth relative to their price movement. Which of those outcomes matters to you depends on whether you prioritise capital gains or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$670K	$482K
Change in value Past 12 months	3.5%	25.5%
Sold Past 3 months	23	10
Median days on market Past 12 months	46	22
Average rent Past 12 months	$480	$400
Change in rent Past 12 months	6.7%	11.1%

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