Park Grove 7320
Market analysis for investment properties in Park Grove
Median Price
$595,000
Trend:Accelerating
+6.3%
Median Rent
$480/pw
Trend:Steady
0.0%
Rental Yield
4.19%
Trend:Decelerating
-6.0%
Median DoM
141 Days
Trend:Accelerating
+314.7%
Market Analysis
Why investors are watching Park Grove right now.
Park Grove in Burnie, Tasmania offers residents convenient access to various shopping options, including the nearby Upper Burnie Shopping Centre and Burnie Central Shopping Centre, providing a range of retail stores, supermarkets, and dining establishments. Additionally, there are specialty shops and local markets catering to diverse preferences.
Families residing in Park Grove have several schooling options for their children, with proximity to both primary and secondary schools. Notable examples include Parklands High School and Cooee Primary School, known for their quality education programs and extracurricular activities.
Transport options from Park Grove to the CBD in Burnie are easily accessible. Residents can utilize the bus services provided by Metro Tasmania, with routes connecting the suburb to the heart of Burnie. Additionally, private transportation and cycling are popular modes of commuting in the area.
Nestled in a picturesque location, Park Grove offers residents access to lush greenery and parks for recreational activities and relaxation. The suburb is surrounded by nature reserves, such as Fernglade Reserve and Hiscutt Park, providing tranquil settings for outdoor pursuits like walking, picnicking, and wildlife observation.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
Unlock Market Vitals
See live suburb and LGA market signals.
The Ripple Effect
Explore Nearby Opportunities
Investors analyzing Park Grove often compare these adjacent markets for better entry points or higher yields.
Strategy by LighthousePA
Where will Park Grove be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Park Grove, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
- Buyers Advocacy
- Property Negotiation
Investment Insights & FAQ
Frequently asked questions about the Park Grove property market in 2026.
As of March 2026, the Park Grove property market presents a dynamic investment landscape. Over the last 12 months, houses have seen an annual growth rate of 6.25% and units have grown by 24.67%. These figures reflect the evolving demand within Burnie, offering potential for capital appreciation.
Based on the latest market snapshot, median property prices in Park Grove range from $595,000 for houses to $470,000 for units. These values are calculated based on recent transaction data and current buyer activity across the Burnie region.
For investors targeting cash flow, houses rent for $480 /pw with a 4.19% yield, while units rent for $437.5 /pw with a 4.84% yield. This rental performance is a key indicator of strong tenant demand within the Park Grove area.
Market Insights Last Updated: March 2026