Suburb Profile Report for Glenorchy TAS (7010)

Glenorchy House: Median price $380,000, Annual capital growth 5.21%, Number of sales 150, Weekly median advertised rent $405

Glenorchy Unit: Median price $280,000, Annual capital growth 3.26%, Number of sales 90, Weekly median advertised rent $325

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

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

  • House Report
  • Unit Report

TAS has seen average median house prices change by 7.20% which means that Glenorchy, 7010 has done well for property investors by showing a capital gain of 9.51% over the last year

While Glenorchy,7010 ranked number 103th in TAS for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.

Sellers are offering property buyers an average discount of -6.25% to buyers in Glenorchy at the moment, which is less than average for the rest of TAS.

If you compare the increase in value of investment property in Glenorchy, 7010 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.69%.

While Glenorchy,7010 ranked number 52th in TAS for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.

Vendor discounting in Glenorchy is giving property investors an average Vendor Discount of around -6.66%. This puts suburb at number 4th in TAS when ranking the most discounted suburbs.

Glenorchy is 13th on a list of best yielding suburbs for rents in TAS with a 6.04% return

Metrics i HOUSE UNIT
$380,000 $280,000
0.93% -1.75%
9.51% 7.69%
5.21% 3.26%
$405 $325
150 90
5.54% 6.04%
29.8813559322034 27.671875

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

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