Glenorchy Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Glenorchy* recorded a median house price of $585,000 and a median unit price of $449,500. This represents an annual (Q2 2024 – Q2 2025) increase of 4.5% for houses and softening of -2.1% for units. Comparing Q2 2024 and Q2 2025, total sales increased by 28.1% (to 178 sales in Q2 2025) for houses, but softened by -30.9% (to 38 sales in Q2 2025) for units. The increase in house prices is reflective of high demand, which created a buffer against higher interest rates; as well as due to cash rate cuts. This is a unique opportunity for owners to capitalise on their investment, and buyers to enter the market. The unit market is now slightly more affordable, thus an ideal stock for first home buyers.
CHANGE FROM LAST
YEAR
Glenorchy£ will see approximately $391.6M of new projects commencing construction in 2025. Residential $12.8M
Infrastructure $23.5M
HALF YEAR
HOUSE SALE S Commercial
HOUSE ME DIAN PRICE
$354.4M
HOUSE RE NTAL PRICE
UNIT SALE S
A key commercial project in Glenorchy is Nyrstar Electrolysis Plant ($350.0M), which will ensure the long-term future for zinc refining in Australia. This will have a lasting effect in Glenorchy, in with the creation of many jobs; which has a potential spill-over impact into real estate, in terms of higher demand for housing stock.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$
Key residential projects include:
MARKET CONDITIONS MEDIAN PRICE Q2 2025
$585K
$449K
MEDIAN PRICE Q2 2025
$560
SALES
AVERAGE DAYS ON MARKET Q2 2025
60
75
HOUSE
U N I T
RENTALS
$452
AVERAGE DAYS ON MARKET Q2 2025
17
17
HOUSE
U N I T
•
60 Barossa Road (24 Dwellings)
•
5-5A Taree Street & 15-17 Coraki Street & 4 Tootonga Street – Dwellings (23 Dwellings)
•
72-76 Grove Road (11 dwellings)
The residential projects planned in Glenorchy will help boost supply and add much needed stock. However, there is only a limited number of new ready-to-sell houses planned, which is not enough to answer demand. This will put more pressure on the housing market, especially without any other new stock types (i.e units). Therefore, property prices are expected to further increase, for all stock types.
58 Dwellings