Park Grove TAS 7320

Here you can find what you need to know about Park Grove, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$330k Median Sale Price (National Average $485k) 286th In TAS
3.45% Median Price Change (1 yr) (National Average 4.30%) 337th In TAS
$340pw Median Rent (National Average $395) 172nd In TAS
5.4% Median Gross Yield (National Average 4.24%) 128th In TAS
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Properties sold 62
Average discounting -7.11%
Average Days on Market 69
Stock on Market 25 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Park Grove, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Park Grove, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Park Grove, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Park Grove


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
TAS 5 33%
ACT 62 53%
NSW 506 62%
NT 12 56%
QLD 121 34%
SA 113 51%
VIC 820 57%
WA 42 47%

Local Schools


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Suburb Information

Park Grove, TAS 7320

Part of: Burnie Council No data available

The size of Park Grove is approximately 2.1 square kilometres. It has 6 parks covering nearly 4.8% of total area. The population of Park Grove in 2011 was 2,358 people. By 2016 the population was 2,391 showing a population growth of 1.4% in the area during that time. The predominant age group in Park Grove is 10-19 years. Households in Park Grove are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Park Grove work in a professional occupation. In 2011, 78.1% of the homes in Park Grove were owner-occupied compared with 77.2% in 2016. (source: Australian Bureau of Statistics)

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Demographic data provided
by Australian Bureau of Statistics


Market Trends for Park Grove   for Houses in last 12 months


There have been 61 Houses sold in Park Grove in the past 12 months with a median sale price of $330K, up 3.77% annually. It takes on average 86 days to sell with vendor discounting of -6.0%.

Streets in Park Grove


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Romaine TAS, 7320 17.12% $325,000 $315pw 5.0% View Suburb Profile
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Parklands TAS, 7320 5.05% $260,000 $300pw 6.0% View Suburb Profile
Kearsley NSW, 2325 18.56% $391,250 $340pw 4.5% View Suburb Profile
Mayfield TAS, 7248 17.73% $176,000 $253pw 7.5% View Suburb Profile
Rockbank VIC, 3335 16.40% $507,500 $373pw 3.8% View Suburb Profile