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.
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