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Park Grove
AREA REPORTS

Park Grove

Park Grove - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7320

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A 13.22% increase in median property prices in PARK GROVE, 7320 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 51st.

A steady increase in median property prices over a five-year period in the suburb translates to a 16.41% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $372,500

The augmented property values in the suburb are trailing above the territorial average of 12.88% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $360.

Home owners selling their properties and realtors in PARK GROVE usually have to wait an average of 69.3 days days before their assets are lifted off the market.

The TAS suburb ranks 38th on the list of best yielding suburbs for rental properties in TAS, posting a 5.03% return.

It also places places 23rd in Australia based on median property value growth during the quarter.

Data report can be found below

Park Grove
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $372,500 N/A
GROWTH REPORT
Median Quarterly 6.43% N/A
Median 12 month 13.22% N/A
Median 3 years 16.41% N/A
Median 5 years 35.95% N/A
10 years average annual 2.23% N/A
Weekly media advert. rent $360 N/A
Time on Market 69.3 days N/A
Gross Rental Yield Percent 5.03% N/A
demographics (median values)*
Total Population
16238
Weekly Household Income
964
Household Size
2.30
Age
40
Monthly Loan Repayment
1083
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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