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 11.18%
Glenorchy,7010 was ranked 1398 in Australia by increase in median property value over the quarter.
Property buyers and investors in Glenorchy 7010 should be seeing an average reduction in asking price of around -3.76% . This means that Glenorchy is holding prices well when compared to other suburbs in TAS.
Residents and property investors in Glenorchy have been waiting around 34.69 days to sell a property.
Giving property investors a an average capital gain of 4.02% for the last year, Glenorchy, 7010 is the 756th highest performer in Australia in this respect.
Glenorchy,7010 was ranked 727 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Glenorchy are currently offering property investors an average price cut of -5.09% below the asking price at the moment.
A $262.5 per week rent on the median house gives suburb investors a gross yield of circa 6.20%, without taking into account capital value appreciation, which has been averaging out at 2.28%.