Suburb Profile Report for Glenorchy TAS (7010)

Glenorchy House: Median price $375,000, Annual capital growth 5.38%, Number of sales 189, Weekly median advertised rent $400

Glenorchy Unit: Median price $280,000, Annual capital growth 3.39%, Number of sales 102, Weekly median advertised rent $320

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 17.08% for the last 12 months, Glenorchy, 7010 has performed for property investments than its average annual 5.23% property growth over the last 5 years.

Across a shorter period, Glenorchy, 7010 has seen a median price increase of 5.57% over the last quarter.

Sellers are offering property buyers an average discount of -5.49% to buyers in Glenorchy at the moment, which is less than average for the rest of TAS.

Situated 6.98km from the CBD, Glenorchy is one of Glenorchy (C) localities in the postcode 7010.

Glenorchy is in the TOP 20% in TAS when comparing median price capital growth over the last year. Glenorchy gave property investors a very good capital gain figure when compared to the rest of the state, with 21.21%.

While Glenorchy,7010 ranked number 26th in TAS for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.

Property investors looking for a bargain in Glenorchy should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.

At number 27 in a list of fastest selling suburbs, Glenorchy is in the TOP 10% of suburbs in Australia with an average of days on market 26.61 for properties listed there.

Situated 6.91km from the CBD, Glenorchy is one of Glenorchy (C) localities in the postcode 7010.

Metrics i HOUSE UNIT
$375,000 $280,000
0.52% 1.82%
12.61% 16.67%
5.38% 3.39%
$400 $320
189 102
5.55% 5.94%
26.708334 29.438356

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Excellent (H), Excellent (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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