Glenorchy Market Update 1st Half 2026
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% forhouses 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 ontheir 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.
HOUSE SALES YEAR HALF YEAR CHANGE FROM LAST
HOUSE MEDIAN PRICE
HOUSE RENTAL PRICE
PRICE
RENTAL PRICE
MEDIAN PRICE Q4 2025
Glenorchy will see approximately $588.0Mofnewprojectscommence constructionin2026.
AVERAGE DAYS ON MARKET Q4 2025
44
$642K $488K
MEDIAN PRICE Q4 2025
AVERAGE DAYS ON MARKET Q4 2025
The significant influx of infrastructure and commercial projects will stimulate the local economy by creating more jobs and improving liveability.
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)
• 15 Karambi Street Residential Subdivision Stage 1-4 (61 Lots)
• 73Mahoney Drive Units (6 Units)
The incoming supply of ready-to-sell stock will answer current demand and create a more sustainable price growth environment. Thatsaid, construction can be delayed and lengthy, thus in the short-term price growth is expected. 43
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
In the past 12months to Q4 2025average vendor discount for houses and units have swung to a premium of 4.0% and 2.8%, respectively. The market now favours sellers, as buyers must offer higher thanthe first list price. This is a first in the Glenorchy* market since mid-2024, creating an opportunity for owners. With new houses still a long-term solution, buyers must actfast - before premiums increase to a higher amount in early 2026.
The suburb of Glenorchy has historically tracked on par with Glenorchy Local Government Area (LGA) in median house and unit prices. This continued tobe the case for houses in 2025#,with both the LGA and suburb recording price growth in the same trajectory and pace.
The dominant proportion of homes sold in Glenorchy* in 2025# were in the most affordable price bracket ofless than $549,999(26.2%). Conversely, most unit sales (24.9%) were in the premium price point of $550,000and above. Affordable stock is still available for units (22.8%sold at less than$399,999)and premium stock is available for houses (22.7% sold at $700,000an above). Opportunities are abundant forboth buyers and sellers in Glenorchy*. The market comparison graph provides
MARKET COMPARISON
PRICE BREAKDOWN 2025#
RENTAL GROWTH 2025€
House rental yields in Glenorchy¥ was 4.8%in December 2025,higher than the Glenorchy LGA (3.9%) and Hobart Metro (3.5%). This was paired with a 7.7% increase in median house rental price in the past 12 months to Q4 2025,at $560per week. The number of houses rented have decreased, by -1.4% in the past 12 months, to 283rentals in Q4 2025. This suggests a highly demanded and undersupplied house rental market in Glenorchy¥ , benefitting investors
2-bedroom houses have provided investors with +6.6%rental growth annually, achieving a median rent of $485per week.
Glenorchy¥ recorded a vacancy rate of 0.1% in December 2025,slightly lower than Glenorchy LGA’s 0.2% and Hobart Metro 0.5% average. Vacancy rates in Glenorchy¥ decreased in the past 12months, indicating a tighter rental market. Moreover, a 0.1% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus quicker occupancy of rental homes. This is a conducive environment for investors, even if the median house and unit sales price (thus, entry price) have increased in the past 12months toQ4 2025.
RENTAL VACANCY RATES 2025
RENTAL YIELD 2025§
Glenorchy¥
Glenorchy (7010)
Glenorchy LGA Hobart Metro
PROJECT DEVELOPMENT MAP 2026
GLENORCHY
RESEARCH SERVICES
Our research services span over every suburb, LGA,and state within Australia; captured in a variety of standard and customised products, andinclude:
• Advisory and consultancy
• Market analysis including profiling and trends
• Primary qualitative and quantitative research
• Demographic and target market analysis
• Geographic information mapping
• Project analysis including product and pricing recommendations
• Rental and investment return analysis
OUR KNOWLEDGE
Access to accurate and objective research is the foundation of all good property decisions.
OUR PEOPLE
Our research team is made up of highly qualified researchers who focus solely on propertyanalysis.
REFERENCES
* Glenorchy sales market data and key indicators encapsulates aggregate property market conditions within the suburbs Glenorchy Local Government Area (LGA).
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for the 2025 full year (01/01/2025-31/12/2025).
€ Annual rental growth is a comparison between Q4 2024 (01/10/2024 – 31/12/2024) and Q4 2025 (01/10/2025 – 31/12/2025) house median rent figures.
¥ Glenorchy rental market data encapsulates aggregate property conditions within the postcode of 7010.
§ Rental yields and vacancy rates shown are as reported as of December 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the suburb of Glenorchy Local Government Area (LGA).
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2026.
