TAS has seen average median house prices change by 7.20% which means that Glenorchy, 7010 has done well for property investors by showing a capital gain of 9.51% over the last year
While Glenorchy,7010 ranked number 103th in TAS for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.
Sellers are offering property buyers an average discount of -6.25% to buyers in Glenorchy at the moment, which is less than average for the rest of TAS.
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 7.69%.
While Glenorchy,7010 ranked number 52th in TAS for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.
Vendor discounting in Glenorchy is giving property investors an average Vendor Discount of around -6.66%. This puts suburb at number 4th in TAS when ranking the most discounted suburbs.
Glenorchy is 13th on a list of best yielding suburbs for rents in TAS with a 6.04% return