Glenorchy Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2025, Glenorchy* recorded a median house price of $642,250, and a median unit price of $487,500. This is an annual (Q4 2024 – Q4 2025) price growth of 7.0% for houses and 3.7% for units. Total sales increased between Q4 2024 – Q4 2025, by 53.7% (to 186 for houses in Q4 2025) and by 3.1% for units (to 66 sales in Q4 2025). This suggests high demand for properties, aided by a reduced and stable interest rates. This indicates now is an ideal time for owners to capitalise on their investment. There is a significant number of housing projects due to commence construction in 2026, which will provide more options for buyers in the future.
CHANGE FROM LAST
YEAR
Glenorchy will see approximately $588.0M of new projects commence construction in 2026. Residential $34.5M
HALF YEAR
Infrastructure
HOUSE SALE S
$201.6M Commercial
HOUSE ME DIAN PRICE
$351.4M
HOUSE RE NTAL PRICE
UNIT SALE S
The significant influx of infrastructure and commercial projects will stimulate the local economy by creating more jobs and improving liveability.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are quite a few housing projects set to commence construction in 2026: •
$
Hobart Showgrounds Precinct – Stage 3 – (450 Dwellings)
•
5-5a Taree Street, 15-17 Coraki Street & 4 Tootonga Street (23 Dwellings)
MARKET CONDITIONS
•
15 Karambi Street Residential Subdivision Stage 1-4 (61 Lots)
SALES
•
73 Mahoney Drive Units (6 Units)
MEDIAN PRICE Q4 2025
$642K
$488K
MEDIAN PRICE Q4 2025
$560
AVERAGE DAYS ON MARKET Q4 2025
44
43
HOUSE
U N I T
RENTALS
$460
The incoming supply of ready-to-sell stock will answer current demand and create a more sustainable price growth environment. That said, construction can be delayed and lengthy, thus in the short-term price growth is expected.
AVERAGE DAYS ON MARKET Q4 2025
17
17
HOUSE
U N I T
28 Units/ Apartments
550 Dwellings
61 Lots