Thinking about buying in Glenorchy? Now could not be a better time, with 7186 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $318,000 with prices in this suburb ranging from $14,000 to $1,790,000. The aproximate distance to the coast is 11 Km.
Median Weekly Rent | $311.19 |
Median Monthly Mortgage | $1262.94 |
Median Persons Per Bedroom | 0.88 |
Average Household Size | 2.38 |
Average Age | 37.88 |
Average Income | $629.19 |
Average Cars Per Dwelling | 1.54 |
Average Properties Within 50M | 14 |
1 Bed  $287,000 |
2 Bed  $247,000 |
3 Bed  $342,000 |
4 Bed  $450,000 |
5 Bed  $496,000 |
6 Bed+$309,000 |
Consistent high demand relative to supply is a key feature in Glenorchy driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Glenorchy due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Glenorchy leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Glenorchy to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Glenorchy the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
7-9 EDWARDS ST, GLENORCHY, VIC, 3385 | 3 | 1 | 2 | Under Offer |
Guilford Young College
Dominic College
Cosgrove High School
Glenorchy Primary School
Springfield Gardens Primary School
Goodwood Primary School
Montrose Bay High School
Moonah Primary School
Rosetta Primary School
Hilliard Christian School
(While the above schools are located with the suburb of Glenorchy there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.2 | 13.7 | 29.8 | 24.1 | 81.2 | 4.3 | 27.0 |
Feb | 0.9 | 13.8 | 28.4 | 29.2 | 82.4 | 4.2 | 23.1 |
Mar | 0.7 | 12.0 | 25.1 | 34.1 | 84.8 | 3.8 | 18.0 |
Apr | 1.0 | 9.2 | 20.5 | 41.8 | 89.5 | 3.3 | 13.1 |
May | 1.7 | 6.8 | 16.0 | 54.4 | 94.2 | 3.2 | 9.3 |
Jun | 1.7 | 4.7 | 13.0 | 64.2 | 96.5 | 3.0 | 7.7 |
Jul | 1.8 | 4.3 | 12.3 | 64.0 | 96.5 | 3.5 | 7.7 |
Aug | 1.6 | 4.6 | 13.5 | 56.2 | 95.5 | 3.5 | 10.8 |
Sept | 1.6 | 6.2 | 16.6 | 47.4 | 93.2 | 3.6 | 15.3 |
Oct | 1.0 | 8.1 | 20.9 | 37.9 | 88.5 | 3.9 | 20.7 |
Nov | 1.1 | 10.0 | 23.8 | 32.4 | 87.2 | 4.0 | 23.6 |
Dec | 1.0 | 11.9 | 27.1 | 27.2 | 82.3 | 4.1 | 26.6 |
source: Australian Government Bureau of Meteorology
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