With a capital gain of 11.54% for the last 12 months, Glenorchy, 7010 has performed for property investments than its average annual 3.26% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Glenorchy,7010 has racked up an average of 11.54% over the period. This ranks it number 1920th in the whole country for real estate investors looking at median house price increases.
At number 154th of TAS’s most discounted properties, Glenorchy is in the TOP 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Glenorchy being $290000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.92%
Glenorchy, 7010 ranked 26th in TAS when comparing growth in median property values or capital gain over the last 12 months. Glenorchy is one of 606 in our list for TAS
Over the longer term, Glenorchy has seen property prices show investors a 12.53% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Glenorchy is offering property investors an average of -5.16. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in TAS