City of Glenorchy
Why Glenorchy?
Glenorchy is a vibrant urban area on Hobart’s northern fringe, with a diverse and growing community of over 50,000 residents. The city offers strong commercial and industrial sectors, convenient retail and entertainment hubs, and easy access to transport connections to Hobart. Major local projects, including the Wilkinsons Point precinct and Showgrounds redevelopment, make Glenorchy an appealing investment destination with steady long-term growth prospects.
Investment Highlight:
Median house price: A$560,000
Median unit price: A$442,000–A$449,000
Rental yields: 5.3% for houses and 5.5% for units
Median weekly rent: A$530 for houses and A$468 for units
Vacancy rate: 0.4–0.6%, indicating strong tenant demand
Market activity: Homes sell quickly, averaging around 30–32 days on market; active development pipeline across residential, commercial, and mixed-use sectors
Approximate Cost:
Median house price: A$560,000
Median unit price: A$442,000–A$449,000
Rental yields: 5.3% (houses), 5.5% (units)
Median weekly rent: A$530 (houses), A$468 (units)
Vacancy rate: 0.4–0.6%
Ideal For: Glenorchy is well-suited to investors looking for stable yields and strong tenant demand driven by local industry, retail, and community services. It’s also ideal for first-home buyers and downsizers who appreciate its affordability and proximity to Hobart. Developers and commercial operators will benefit from ongoing precinct renewals and industrial expansion, while professionals working in logistics, retail, healthcare, and education will find Glenorchy an accessible and thriving suburb with growth potential.
