If you compare the increase in value of investment property in Glenorchy, 7010 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 8.57%.
When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 37th in TAS.
The most recent median price for Glenorchy is $380000, with sellers offering an average of -4.76% off the asking price.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.04%, investors should hope to achieve an overall return of 5.75%
Property value increases in Glenorchy have tracked just lower than the TAS average of 2.66% over the last 12 months.
A 28.57% growth in median value for property investors in Glenorchy,7010 puts this suburb at number 55th in terms of best performing suburbs in TAS
The most recent median price for Glenorchy is $270000, with sellers offering an average of -7.23% off the asking price.
Situated 7.02km from the CBD, Glenorchy is one of Glenorchy (C) localities in the postcode 7010.