REDBANK PLAINS 
2 MIN READFederal Election Results Revealed: What It Means For Investors
Australia has voted. Looking forward, here are the policies property purchasers, home owners, and investors can expect...
Read More
Park GrovePark Grove - SUBURB PROFILE REPORT
SHARE 
A steady increase in median property prices over a five-year period in the suburb translates to a 37.24% 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 $462,500
The augmented property values in the suburb are trailing above the territorial average of 24.75% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $420.
Home owners selling their properties and realtors in PARK GROVE usually have to wait an average of 34.1 days days before their assets are lifted off the market.
The TAS suburb ranks 33rd on the list of best yielding suburbs for rental properties in TAS, posting a 4.72% return.
It also places places 152nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $462,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.44% | N/A |
| Median 12 month | 25.51% | N/A |
| Median 3 years | 37.24% | N/A |
| Median 5 years | 68.18% | N/A |
| 10 years average annual | 4.3% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 34.1 days | N/A |
| Gross Rental Yield Percent | 4.72% | N/A |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
