At number 939th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenorchy, 7010 is in the top 30% with a property value increase of 11.11% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Glenorchy,7010 has racked up an average of 11.11% over the period. This ranks it number 2244th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Glenorchy is $275000, with sellers offering an average of -4.70% off the asking price.
Often selling an investment property can take time, and in Glenorchy the average time real estate has been on the market is 44.33 days.
With the median price for a house in Glenorchy being $275000 and the advertised rent reaching $317.5 the gross rental yield for property investors calculates out to be 6.00%
Glenorchy is an average performer in TAS when comparing median price capital growth over the last year. Glenorchy gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.65%.
If we look at median property appreciation over just the last three months, Glenorchy has given property investors a paper return of -2.27%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in TAS
Our latest figures would indicate that property sellers in Glenorchy are currently offering property investors an average price cut of -5.44% below the asking price at the moment.
Advertised rents are around the $260 mark per week – giving a return of 6.29% based on the median price in Suburb