Property value increases in Glenorchy have tracked higher than the TAS average of 3.72% over the last 12 months.
Comparing Glenorchy,7010 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.15% offered to property buyers. Sellers in Glenorchy itself are offering an average vendor discount of -4.95% to real estate investors.
Property investors should expect to get $315 weekly from the median priced house in this suburb.
Property investors who have had real estate in Glenorchy, 7010 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.36%
Glenorchy,7010 was ranked 1473 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Glenorchy should be aiming for at least -5.45% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 79 properties changed hands in Glenorchy, which puts it as the 3rd most active market in TAS when comparing the number of sales per suburb.
Situated 6.92km from the CBD, Glenorchy is one of Glenorchy localities in the postcode 7010.