Property investors who have had real estate in Glenorchy, 7010 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.96%
Comparing Glenorchy,7010 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Glenorchy 7010 should be seeing an average reduction in asking price of around -3.56% . This means that Glenorchy is holding prices well when compared to other suburbs in TAS.
Glenorchy, 7010’s gross rental yield is 5.85%
Glenorchy is in the bottom 40% in TAS when comparing median price capital growth over the last year. Glenorchy gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.
While Glenorchy,7010 ranked number 34th in TAS for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.
At number 23th of TAS’s most discounted properties, Glenorchy is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Glenorchy the average time real estate has been on the market is 84.88 days.