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Glenorchy City Council, TAS

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Glenorchy City LGA is experiencing dramatic changes due to rapid population growth and increased property prices within the region. It’s estimated that there are nearly 50,000 residents living in Glenorchy City which is one of the fastest growing councils in the state today.

The influx of new residents has caused warnings about how much this city lacks public transport and high-quality schools for children with limited opportunities for employment

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Glenorchy is a small town in Tasmania, Australia. People come to this place for the outdoor activities and the nature in the area. Most of them come to Glenorchy in order to go hiking or mountain biking. There are also plenty of beaches for people who love surfing and fishing. Glenorchy is also a great spot for visitors who want to relax and get away from it all. It has some beautiful national parks that people can hike through, take photos at various waterfalls, or go birdwatching at one of the many wetlands in the area.

The Glenorchy housing market is dependent on the state of the wider Tasmanian economy. For example, when Tasmania’s property prices were at their most expensive, Glenorchy was also at its most expensive; but when property prices dropped across Tasmania and the country as a whole (caused by economic downturn and high-interest rates), Glenorchy experienced a significant decrease in new home building and its housing market decreased accordingly.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Glenorchy City Council, TAS

What LGAs neighbour Glenorchy City Council, TAS?

Glenorchy City Council is surrounded by 3 other council areas – Hobart City, Derwent Valley, Huon Valley.

How many people live in Glenorchy City Council, TAS?

There are approximately 11000 people living in Glenorchy in roughly 5000 dwellings with 2.2 persons per household.

What are current and planned infrastructure projects in Glenorchy City Council, TAS?

Glenorchy City Council maintains and provides a number of projects supporting path, tracks and trail development, greening, Wilkinsons Point, sport and recreation development.

What major retailers are there in Glenorchy City Council, TAS?

Among the main retailers there are Coles Supermarkets, Tasmanian Independent Wholesalers, Woolworths, Salamanca fresh, Hellas Store, Barossa Supermarket.

What is the main industry in Glenorchy City Council, TAS?

Glenorchy is characterised by a diverse mix of industrial, commercial and residential development. Industries in the city include ship building, metal fabrication, zinc processing, food processing, furniture production and more recently, high tech industries.

What are the dominant demographic groups in Glenorchy City Council, TAS?

The median age of people in Glenorchy (Tas.) is 40 years. Children aged 0 – 14 make up 17.8% of the population and people aged 65 years and over make up 20.1%.

How is unemployment rate trending in Glenorchy City Council, TAS?

Among employed people 58% working full-time and 40% working part-time. The unemployment rate in Glenorchy City was 8.3% in the 2021 March quarter.

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