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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