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Park Grove, TAS 7320
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$670,000
market range $625K-$750K
Median Unit
$430,000
list-price estimate
Gross Yield (houses)
4.1%
1yr Growth (houses)
+18.6%
market range +10.0% to +22.5%
Investment snapshot for Park Grove
Park Grove has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Park Grove market and investor summary
In Park Grove, TAS 7320, the median house sells for around $670K, on a gross rental yield of 4.1% for houses. House prices have moved +18.6% over the past year. At 1.9% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.
Living in Park Grove: people, income and schools
Park Grove has a resident population of roughly 2,613, a number that has held fairly steady over five years. At a median age of 39, it reads as broadly working-age, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $92,000 a year (about $1,770 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to about 7.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Families have 14 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 37 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,613
- +1% over 5yr
- Median age
- 39 years
- Median household income
- $92,000/yr
- Households renting
- 20%
- Family households
- 72%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 14
- avg ICSEA 1006
- Unemployment
- 6.0%
- Walk score
- 37/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Park Grove
No properties currently listed in Park Grove
Search Park Grove listings →Frequently asked questions about Park Grove
What should I check before investing in Park Grove?
Park Grove has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. Capital growth of +18.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Park Grove?
The median property price in Park Grove, TAS 7320 is $670K for houses.
What rental yield does Park Grove show?
The gross rental yield in Park Grove is 4.1% for houses and 4.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Park Grove?
House prices in Park Grove are up 18.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Park Grove?
The current vacancy rate in Park Grove is 1.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Park Grove?
Park Grove has a population of approximately 2,613 residents, with a median age of 39.
What schools are near Park Grove?
There are 14 schools within roughly 5km of Park Grove. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Park Grove affordable to buy in?
A median house in Park Grove costs about 7.3 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Park Grove's population growing?
The population of Park Grove has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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