If you compare the increase in value of investment property in Glenorchy, 7010 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 15.09%.
When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 36th in TAS.
The most recent median price for Glenorchy is $316500, with sellers offering an average of -3.44% off the asking price.
The TAS suburb of Glenorchy, 7010 is in the Glenorchy local government area.
With a capital gain of 8.84% for the last 12 months, Glenorchy, 7010 has performed for property investments than its average annual 2.25% property growth over the last 5 years.
Across a shorter period, Glenorchy, 7010 has seen a median price increase of 4.48% over the last quarter.
Glenorchy, 7010 is offering TAS ‘s 28th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
Residents and property investors in Glenorchy have been waiting around 77.06 days to sell a property.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 2.25%, investors should hope to achieve an overall return of 6.30%