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PRD  →  Research Hub  →  Glenorchy Research Factsheet 1st Half of 2019

Glenorchy Research 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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