Suburb Profile Report for Glenorchy TAS (7010)

Glenorchy House: Median price $267,000, Annual capital growth 3.43%, Number of sales 185, Weekly median advertised rent $310

Glenorchy Unit: Median price $215,000, Annual capital growth 2.48%, Number of sales 81, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 937th 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 10.75% recorded in median house prices.

While Glenorchy,7010 ranked number 52th in TAS for increase in median house value (annualised) increase, it is ranked 87th over the last 5 years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Glenorchy itself are offering an average vendor discount of -5.82% to real estate investors.

Advertised rents are around the $310 mark per week – giving a return of 6.04% based on the median price in Suburb

With a capital gain of 4.88% for the last 12 months, Glenorchy, 7010 has performed for property investments than its average annual 2.48% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Glenorchy comes in at number 12th in TAS.

At number 29th of TAS’s most discounted properties, Glenorchy is in the TOP 40% of the state/territory when listing in order of most discounted to least.

HOUSE UNIT
$267,000 $215,000
2.69% 0.70%
10.75% 4.88%
3.43% 2.48%
$310 $260
185 81
6.04% 6.29%
64.82 76.59

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
Find a mortgage broker in Glenorchy TAS
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
Chart Table
Recent sales & rentals