Over the last year, property investments in Glenorchy, 7010 have given investors a capital gain of 7.88%. This compares favourably with the 3.19% for TAS as a whole.
Glenorchy,7010 has offered an average of 7.88% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Glenorchy, 7010. Typically our figures indicate that -6.42% is being offered, which puts this TAS suburb at 1544th most discounted overall in Australia.
At number 1895 in a list of fastest selling suburbs, Glenorchy is just in the bottom half of suburbs in Australia with an average of days on market 79.37 for properties listed there.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 3.15%, investors should hope to achieve an overall return of 6.20%
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 6.04%
A -1.15% growth in median value for property investors in Glenorchy,7010 puts this suburb at number 23th in terms of best performing suburbs in TAS
LACK OF BUYER INTEREST may well be the reason that Glenorchy is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 21th in terms of most discounted suburbs in TAS
Situated 6.96km from the CBD, Glenorchy is one of Glenorchy localities in the postcode 7010.