Over the last year, property investments in Glenorchy, 7010 have given investors a capital gain of 19.35%. This compares favourably with the 10.86% for TAS as a whole.
While Glenorchy,7010 ranked number 42th in TAS for increase in median house value (annualised) increase, it is ranked 26th over the last 5 years.
Glenorchy7010 is located in TAS which offers an average discount of -6.12% to property investors. Glenorchy itself is showing figures that indicate -6.89% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Glenorchy being $370000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.48%
With a capital gain of 17.46% for the last 12 months, Glenorchy, 7010 has performed for property investments than its average annual 2.72% property growth over the last 5 years.
A 34.90% growth in median value for property investors in Glenorchy,7010 puts this suburb at number 49th in terms of best performing suburbs in TAS
Sellers are offering property buyers an average discount of -1.41% to buyers in Glenorchy at the moment, which is less than average for the rest of TAS.
Glenorchy is 9th on a list of best yielding suburbs for rents in TAS with a 6.06% return