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AREA REPORTS

Park Grove

Suburb Profile

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 12.54% 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 $359,000

The augmented property values in the suburb are trailing behind the territorial average of 10.34% 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 70.5 days days before their assets are lifted off the market.

The TAS suburb ranks 39th on the list of best yielding suburbs for rental properties in TAS, posting a 5.21% return.

It also places places 49th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $359,000 $295,000
GROWTH REPORT
Median Quarterly 5.59% 0.85%
Median 12 month 6.53% N/A
Median 3 years 12.54% -0.84%
Median 5 years 26.86% 25.53%
10 years average annual 1.6% 1.26%
Weekly media advert. rent $360 $300
Time on Market 70.5 days 0.0 days
Gross Rental Yield Percent 5.21% 5.29%
demographics (median values)
Total Population
2034
Weekly Household Income
990
Household Size
2.60
demographics
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