Suburb Profile Report for Glenorchy TAS (7010)

Glenorchy House: Median price $275,000, Annual capital growth 3.24%, Number of sales 192, Weekly median advertised rent $318

Glenorchy Unit: Median price $215,000, Annual capital growth 2.29%, Number of sales 85, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 939th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenorchy, 7010 is in the top 30% with a property value increase of 11.11% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Glenorchy,7010 has racked up an average of 11.11% over the period. This ranks it number 2244th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Glenorchy is $275000, with sellers offering an average of -4.70% off the asking price.

Often selling an investment property can take time, and in Glenorchy the average time real estate has been on the market is 44.33 days.

With the median price for a house in Glenorchy being $275000 and the advertised rent reaching $317.5 the gross rental yield for property investors calculates out to be 6.00%

Glenorchy is an average performer in TAS when comparing median price capital growth over the last year. Glenorchy gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.65%.

If we look at median property appreciation over just the last three months, Glenorchy has given property investors a paper return of -2.27%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in TAS

Our latest figures would indicate that property sellers in Glenorchy are currently offering property investors an average price cut of -5.44% below the asking price at the moment.

Advertised rents are around the $260 mark per week – giving a return of 6.29% based on the median price in Suburb

Metrics i HOUSE UNIT
$275,000 $215,000
1.85% -2.27%
11.11% 1.65%
3.24% 2.29%
$318 $260
192 85
6.00% 6.29%
44.33 73.8

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 10533
Median household income ($/weekly) 736
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1253 11.9
    25-34 years 1272 12.1
    35-44 years 1335 12.7
    45-54 years 1382 13.1
    55-64 years 1276 12.1
    Others 4016 38.1
    Age Group
    Census Count Percent(%)
    Not Married 4085 52.3
    Registered Married 2779 35.6
    Defacto Relationship 943 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8640 86.8
    Indonesia 78 0.8
    Philippines 80 0.8
    United Kingdom 287 2.9
    Other 409 4.1
    Others 457 4.6
    Country of Birth
    Census Count Percent(%)
    Christianity 6740 70.8
    Hinduism 117 1.2
    Islam 67 0.7
    Other Religious Groups 75 0.8
    No Religion 2454 25.8
    Others 68 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 608 14.9
    $400-$599 694 17.0
    $600-$799 532 13.0
    $800-$999 427 10.4
    $1,500-$1,999 379 9.3
    Others 1448 35.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3632 45.0
    Employed, worked full-time 2368 29.4
    Employed, worked part-time 1420 17.6
    Unemployed, looking for work 358 4.4
    Employed, away from work 287 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 663 16.3
    Community & personal service workers 565 13.9
    Clerical & administrative workers 712 17.5
    Sales 479 11.8
    Labourers 545 13.4
    Others 1110 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 85 4.1
    Infants/Primary 807 38.7
    Secondary 556 26.6
    Technical or Further Educational Institution 362 17.3
    University or other Tertiary Institutions 198 9.5
    Others 79 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7768 78.0
    Flat, unit or apartment 1451 14.6
    Semi-detached, row or terrace house, townhouse 721 7.2
    House or flat attached to a shop, office 13 0.1
    Caravan, cabin, houseboat 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1732 39.7
    Fully owned 1339 30.7
    Being purchased 1265 29.0
    Other tenure type 28 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals