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 10.00%
When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 51th in TAS.
Glenorchy7010 is located in TAS which offers an average discount of -7.01% to property investors. Glenorchy itself is showing figures that indicate -4.44% is the average achievable by property buyers investing in the suburb.
In the last year 189 properties changed hands in Glenorchy, which puts it as the 2nd most active market in TAS when comparing the number of sales per suburb.
Investment property in Glenorchy has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.20%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glenorchy has increased when compared to the 5 year average annual rate.
Glenorchy7010 is located in TAS which offers an average discount of -5.71% to property investors. Glenorchy itself is showing figures that indicate -5.53% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Glenorchy the average time real estate has been on the market is 78.44 days.
With the median price for a house in Glenorchy being $215000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 6.29%