Deep Bay vs Park Grove
Property investment comparison - Deep Bay, TAS 7112 vs Park Grove, TAS 7320
Head-to-head across core investment metrics: Deep Bay wins 1, Park Grove wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Deep Bay | Park Grove |
|---|---|---|
| Median house price | $670K | $670K |
| Median unit price | $315K | - |
| Gross rental yield (houses) | - | 4.08% |
| Gross rental yield (units) | 8.28% | 4.93% |
| 1-year house growth | +9.1% | +18.6%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 5.9% | 1.9% |
| Population | 267 | 2,613 |
Deep Bay vs Park Grove: what the numbers say
Houses cost about the same in both suburbs: the median house price is $670K in Deep Bay and $670K in Park Grove.
Over the past year house prices moved +9.1% in Deep Bay and +18.6% in Park Grove (an estimate), so recent momentum favours Park Grove, although both suburbs recorded growth.
Rental vacancy is 1.9% in Park Grove and 5.9% in Deep Bay, so landlords in Park Grove face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Park Grove is the bigger suburb, with a population of 2,613 against 267, roughly 10 times the size of Deep Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Park Grove for recent price momentum, Park Grove for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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