If you compare the increase in value of investment property in Glenorchy, 7010 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.63%.
Glenorchy,7010 has offered an average of 2.63% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Glenorchy, 7010. Typically our figures indicate that -5.64% is being offered, which puts this TAS suburb at 1781th most discounted overall in Australia.
Residents and property investors in Glenorchy have been waiting around 38.2703 days to sell a property.
A $425 per week rent on the median house gives suburb investors a gross yield of circa 5.67%, without taking into account capital value appreciation, which has been averaging out at 4.36%.
Giving property investors a a solid capital gain of 11.23% for the last year, Glenorchy, 7010 is the 241th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 12th in TAS.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.10%, investors should hope to achieve an overall return of 5.82%