Glenorchy Market Update 2 nd H a l f 2 0 2 6
OVERVIEW In Q2 2026, Glenorchy* recorded a median house price of $695,000, and a median unit price of $535,000. This is an annual (Q2 2025 – Q2 2026) price growth of 16.6% for houses and by 8.1% for units. Between Q2 2025 – Q2 2026 sales increased by 2.7% for houses (to 190 for houses sold in Q2 2026) but decreased by -13.5% for units (to 64 units sold in Q2 2026). The Glenorchy market is currently in high demand and undersupplied, which created a buffer against multiple cash rate hikes in 2026, particularly for the unit market. Thus, there is an opportunity for owners to capitalise on their investments. The incoming supply of residential developments set to commence between 2026-2027 will aid in answering the demand.
CHANGE FROM LAST
YEAR
FUTURE DEVELOPMENTS** Glenorchy will see approximately $1.8B of new projects due to commence construction between 2026-2027. Residential $37.9M Commercial
HALF YEAR Mixed Use
HOUSE SALE S
$516.7M
Infrastructure
HOUSE ME DIAN PRICE
$6.1M
HOUSE RE NTAL PRICE
UNIT SALE S
The significant influx of mixed use and commercial projects, such as Wilkinson Point Tourism Precinct and the Nyrstar Electrolysis Plant will stimulate the local economy by creating more jobs.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are quite a few housing projects set to commence construction in 2026:
$ MARKET CONDITIONS MEDIAN PRICE Q2 2026
$695K
MEDIAN PRICE Q2 2026
$600
SALES
$535K
AVERAGE DAYS ON MARKET Q2 2026
35
45
HOUSE
U N I T
RENTALS
$500
$355.9M
•
Amaroo Road Units (34 Units)
•
60 Barossa Road (24 Dwellings)
•
15 Karambi Street Stages 1-4 (61 Residential Lots)
The incoming supply of residential stock will aid in answering the current demand. That said, compared to Q2 2026 sales (of 190 houses and 64 units) this is still not enough. This suggests that the current undersupply will still continue, pushing up prices further.
AVERAGE DAYS ON MARKET Q2 2026
18
16
HOUSE
U N I T
69 Units/ Apartments
58 Dwellings
61 Lots