Glenorchy is a well-established suburb in Tasmania within the Glenorchy local government area (postcode 7010). With a population of 12,013, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $59K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Glenorchy is $560,000, having dipped slightly 2.6% over the past year. Units have a median price of $448,000 (-4.7% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,300.
Glenorchy is served by 5 schools, including 1 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 91 bus stops.
From an investment perspective, Glenorchy offers a gross rental yield of 5.0%, rated as high yield. Property prices are near the state median ($560K/$750K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved -2.6% year-on-year.
Glenorchy is a well-established suburb in Tasmania within the Glenorchy local government area (postcode 7010). With a population of 12,013, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $59K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Glenorchy is $560,000, having dipped slightly 2.6% over the past year. Units have a median price of $448,000 (-4.7% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,300.
Glenorchy is served by 5 schools, including 1 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 91 bus stops.
From an investment perspective, Glenorchy offers a gross rental yield of 5.0%, rated as high yield. Property prices are near the state median ($560K/$750K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved -2.6% year-on-year.