Market Report – Glenorchy
Glenorchy is the fourth biggest city in Tasmania and is part of the Greater Hobart metropolitan region in southern Tasmania. It is located approximately 7 kilometres north of Tasmania’s capital city, Hobart, on the western side of the River Derwent, below the Wellington Range.
Suburb Summary
The size of Glenorchy is approximately 10.4 square kilometres. It has 22 parks covering nearly 12.7% of
the total area.
The population of Glenorchy in 2011 was 10,533 people. By 2016 the population was 10,833 showing a population growth of 2.8% in the area during that time.
The predominant age group in Glenorchy is 20-29 years.
Households in Glenorchy are primarily childless couples and are likely to repay $1000 – $1399 monthly on mortgage repayments.
People in Glenorchy generally work in a community and personal service occupation.
In 2011, 57.7% of the homes in Glenorchy were owner-occupied compared with 54.6% in 2016. Currently, the median sales price of houses in the area is $610,000.
