16 Constance Avenue, Glenorchy TAS 7010

16 Constance Avenue, Glenorchy TAS 7010
1940s single-level house | typical 600-700m² block | established family street | near shops and schools | steady rental demand The property is likely to be a classic mid-century detached house on a generous suburban block. Its single-level form and traditional rooms are well suited to families wanting convenience and low-maintenance living. The street is established and quiet, with a mix of original and renovated homes, which anchors the property in a stable neighborhood. This house is considered a good fit for first-home buyers, downsizers, and investors, given its land size, simple structure, and proximity to Glenorchy’s shops, schools, and transport. The practical yard and lack of strata constraints are seen as competitive strengths. The property’s value may be shaped by its condition and any updates. A well-presented interior and modern heating could be expected to strengthen appeal, while original features may be viewed favorably by renovators. Orientation and level access might be considered advantageous, depending on site specifics. The final price is likely to be influenced by these factors relative to equivalent single-level houses.
Detailed Independent Property Report prepared  by PropCred Analyst team for 16 Constance Avenue, Glenorchy TAS 7010
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Glenorchy, part of Greater Hobart, is attracting affordability-driven buyers and investors as Hobart’s undersupplied rental market tightens further: vacancy sits below 0.5% and houses lease within days. Median house prices are $600,000–$605,000, with annual growth of 6.4–8.0%; units range $464,700–$500,000, growing 3.8–11.1%. Houses sell in a median 36 days, while gross yields are 4.8–5.2% for houses and 5.1–5.6% for units. Momentum comes from Hobart’s 26% supply reduction, a 37.1% sales increase following lower rates, and a state shortfall of 2,426 new approvals against 3,298 needed annually. Rental listings in the Hobart area fell 9.9% to 192 houses, deepening the shortage. Key constraints remain affordability and interest-rate sensitivity, with a modest sales volume of about 145–149 houses annually.
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PropCred Estimated Value

Comparable Sales: 23 Constance Avenue ($615k-$665k) and 4 Constance Avenue ($765k) | Property Price Band: $600k-$700k | Value Drivers: condition, land size, layout

Bedrooms

3

Bathroom

2

Parking

3

Land

669m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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