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Factsheet 2nd Half 2018.png

July 18, 2019, 5:55 a.m.

New Norfolk Property Factsheet 2nd Half 2018

Compared to the Derwent Valley Local Government Area (LGA), houses in New Norfolk can be secured at a more affordable price, which is good news for first home buyers looking to enter the market. Now is the time to secure a dream property in this lucrative property market.

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July 18, 2019, 5:55 a.m.

Glenorchy Property Factsheet 2nd Half 2018

The Glenorchy property market has grown from strength to strength over the past 12 months to Q2 2018. Compared to the Glenorchy Local Government Area (LGA), houses in the Glenorchy property market can be secured at a similar price, however with higher capital growth. Units in Glenorchy are more affordable than those available in the LGA.

Factsheet 1st Half 2019

July 18, 2019, 5:55 a.m.

Glenorchy Property Factsheet 1st Half of 2019

Q4 2018 saw Glenorchy record a median house price of $393,500, and a median unit price of $237,500. This represents an annual (Q4 2017 – Q4 2018) price change of 6.4% and -13.9% for houses and units respectively. By comparison, the 2nd Half 2018 Glenorchy Property Factsheet reported an annual (Q2 2017 – Q2 2018) price growth of 22.6% for houses and of 3.7% for units. Property in Glenorchy has thus become comparatively more affordable, with houses seeing a more sustainable level of growth and units seeing some cooling in median price. That said, this sudden shift in median unit price is in part reflective of a small sales pool, which can naturally result in larger price movements.

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July 18, 2019, 5:55 a.m.

Glenorchy Property Factsheet 1st Half 2017

Housing demand continues to drive the Glenorchy market with house median price increasing by 8.1%. For those looking to sell, now is the right time as properties are selling faster and closer to their original asking price.

2nd Half 2017 Research Factsheet

July 18, 2019, 5:55 a.m.

New Norfolk Property Factsheet 2nd Half 2017

New Norfolk recorded a median house price of $215,000 representing an annual price change of -4.9%. New Norfolk property prices sit at 0.7%, slightly above that of Derwent Valley LGA ($213,500), thus suggesting affordability for those wanting to enter the housing market.

2nd Half 2017 Research Factsheet

July 18, 2019, 5:55 a.m.

Glenorchy Research Factsheet 2nd Half 2017

The Glenorchy property market recorded a median house price of $310,000 and $232,500 for units in Q2 2017. This represents an annual price change of 21.8% and 8.1% respectively. Over the same time period, house prices in Glenorchy Municipality grew by 16.0% to $327,000 and unit prices grew by 7.3% to $235,000. Housing demand continues to drive the market in Glenorchy, with annual price growth exceeding that of the LGA. With a more affordable entry point that doesn’t compromise on capital growth, Glenorchy is the perfect place for first time home buyers and investors.

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July 18, 2019, 5:55 a.m.

Glenorchy Research Factsheet 1st Half 2018

The Glenorchy property market recorded a median house price of $320,000 and $235,086 for units in Q4 2017, representing an annual price change of 13.9% and 24.1% respectively. Over the same period of time house prices in the City of Glenorchy LGA grew by 12.9% to $350,000 and unit prices grew by 7.9% to $259,000. Glenorchy’s property prices are well below suburbs within the Hobart Inner City area, uniquely offering affordability as well as high sustainable capital growth to home buyers and investors.