Glenorchy City Council, TAS

Glenorchy is a small town with a population of 4,000 people. Situated on the western shore of Lake Wakatipu, it is the main township in the heart of Queenstown Lakes District. Glenorchy’s population is steadily growing and recent figures show that it had more than 1,200 dwellings which were occupied by 1,893 people as of 2006.

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Since 2006, new subdivisions have been opened to accommodate new residents from different parts of New Zealand wanting to live in Glenorchy. The subdivisions are Woodlands Park East and West which have been completed and homes are being sold on a regular basis. These developments have created an increase in property prices as there is now a limited number of properties for sale for those who want to buy.

There are many employment opportunities for locals in Glenorchy especially with the rise of new industries. The town is quickly becoming a hub for tourism, creative arts, and health care. The digital economy is the fastest-growing sector in New Zealand which has created many job opportunities for people living in Glenorchy. There are also plenty of opportunities with the growth of the creative arts industry as well as health care industries. With all this development, it is obvious that Glenorchy will be a place to live for years to come.

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. The Glenorchy housing market has been decreasing in recent years due to a significant decrease in the number of new homes being built. Glenorchy is an area in Tasmania, Australia, and it has a housing market that 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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Capital Growth Heatmap

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.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

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.

Suburbs/localities in this Local Government Area: Chigwell 7011, Derwent Park 7009, Dowsing Point 7010, Austins Ferry 7011, Glenorchy 7010, Goodwood 7010, Lutana 7009, Montrose 7010, Moonah 7009, Berriedale 7011, Rosetta 7010, West Moonah 7009

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