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Pine Grove, VIC 3573

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

High Yield Suburb

Median House

$620,000

Median Unit

$155,000

list-price estimate

Gross Yield (houses)

7.5%

1yr Growth

-

Investment snapshot for Pine Grove

Pine Grove has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Pine Grove market and investor summary

In Pine Grove, VIC 3573, the median house sells for around $620K, on a gross rental yield of 7.5% for houses.

For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 7.5% does more of the early heavy lifting than capital growth usually would at this price point.

Living in Pine Grove: people, income and schools

Pine Grove is home to around 40 people, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, with renters making up 50% of households.

The typical household income runs to around $64,000 a year (about $1,230 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 9.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
40
+1% over 5yr
Median age
42 years
Median household income
$64,000/yr
Households renting
50%
Family households
83%
Socio-economic rank
5/10
ABS advantage index
Unemployment
4.6%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Pine Grove

No properties currently listed in Pine Grove

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Frequently asked questions about Pine Grove

What should I check before investing in Pine Grove?

Pine Grove has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 7.5%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Pine Grove?

The median property price in Pine Grove, VIC 3573 is $620K for houses.

What rental yield does Pine Grove show?

The gross rental yield in Pine Grove is 7.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

How many people live in Pine Grove?

Pine Grove has a population of approximately 40 residents, with a median age of 42.

Is Pine Grove affordable to buy in?

A median house in Pine Grove costs about 9.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Pine Grove's population growing?

The population of Pine 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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