Glenorchy is a dynamic suburb with a vibrant community life and diverse cultural offerings. It boasts extensive shopping facilities, entertainment options, and easy access to public transport, making it a popular choice for families and young professionals. With a variety of housing styles, Glenorchy caters to a range of lifestyles and budgets. Find your home in Glenorchy with Nest Property.
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Glenorchy property market
Glenorchy, one of Greater Hobart’s major urban centres, continues to offer a dynamic property market, balancing affordability, rental demand, and solid long-term prospects. In the past month, Glenorchy recorded 25 properties available for rent and 70 properties listed for sale, indicating an active and diverse market that caters to a broad range of buyers and tenants.
Over the past 12 months, median property prices have remained accessible, especially when compared to inner-Hobart suburbs. Houses in Glenorchy have a median sale price of around $565,000, while units are even more affordable, sitting at a median of $440,000. This makes Glenorchy an appealing option for first-home buyers, downsizers, and investors looking for lower entry costs with strong growth potential.
From an investment perspective, Glenorchy presents robust rental yields across both property types. Houses are currently renting for approximately $550 per week, offering an attractive gross rental yield of 5.2% per annum. Units command weekly rents of about $460, delivering an even stronger rental yield of 5.7%. These figures suggest healthy and consistent demand in the local rental market, particularly among families, professionals, and students seeking affordable living within close proximity to Hobart.
In terms of capital growth, Glenorchy has demonstrated steady performance over recent years. Houses have achieved a compound annual growth rate (CAGR) of 1.8%, while units have grown at a rate of 1.1% per annum. While these figures represent modest growth, they also reflect the suburb’s stability and resistance to dramatic market swings—a valuable trait for investors prioritising long-term consistency over short-term gains.
Overall, Glenorchy remains a well-balanced and resilient market within the Hobart region. Its combination of affordable pricing, strong rental yields, and steady growth make it a popular choice for a wide range of buyers and investors. With ongoing infrastructure upgrades, retail expansion, and its convenient location just 15 minutes from the CBD, Glenorchy is well-positioned for continued growth and demand in the years ahead.
Market trends
View median property prices* in Glenorchy to get a better understanding of local market trends.
*Data based on sales within the 12 months to