Suburb Profile Report for Glenorchy TAS (7010)

Glenorchy House: Median price $275,000, Annual capital growth 3.18%, Number of sales 189, Weekly median advertised rent $320

Glenorchy Unit: Median price $215,000, Annual capital growth 2.07%, Number of sales 91, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Glenorchy, 7010 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%

When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 51th in TAS.

Glenorchy7010 is located in TAS which offers an average discount of -7.01% to property investors. Glenorchy itself is showing figures that indicate -4.44% is the average achievable by property buyers investing in the suburb.

In the last year 189 properties changed hands in Glenorchy, which puts it as the 2nd most active market in TAS when comparing the number of sales per suburb.

Investment property in Glenorchy has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.20%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glenorchy has increased when compared to the 5 year average annual rate.

Glenorchy7010 is located in TAS which offers an average discount of -5.71% to property investors. Glenorchy itself is showing figures that indicate -5.53% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Glenorchy the average time real estate has been on the market is 78.44 days.

With the median price for a house in Glenorchy being $215000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 6.29%

Metrics i HOUSE UNIT
$275,000 $215,000
1.48% -1.15%
10.00% 2.20%
3.18% 2.07%
$320 $260
189 91
6.05% 6.29%
43.14 78.44

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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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