At number 937th 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 10.75% recorded in median house prices.
While Glenorchy,7010 ranked number 52th in TAS for increase in median house value (annualised) increase, it is ranked 87th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Glenorchy itself are offering an average vendor discount of -5.82% to real estate investors.
Advertised rents are around the $310 mark per week – giving a return of 6.04% based on the median price in Suburb
With a capital gain of 4.88% for the last 12 months, Glenorchy, 7010 has performed for property investments than its average annual 2.48% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 12th in TAS.
At number 29th of TAS’s most discounted properties, Glenorchy is in the TOP 40% of the state/territory when listing in order of most discounted to least.