Is GROVE a good suburb for positive geared property investment in Australia?

GROVE in TAS currently features property rental yields up to 3.6% with a 12-month capital growth value of Down -11.4%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in GROVE 7109?

The median house price in GROVE 7109 is approximately $820,000 based on the latest tracked market indices.

Investment Spotlight • Australia

GROVE 7109

State: TAS

Updated: 5 August 2026

PosiProp AI Investment Summary

GROVE (TAS 7109) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.6% and has experienced a 12-month capital growth of Down -11.4%, with a median house buy price of $820,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$625,000

Up 15.7% 3.6% Yield

3 house • buy

$650,000

Down -44.7% 3.7% Yield

4 house • buy

$1,110,000

Up 10.5% 3.5% Yield

all house • buy

$820,000

Down -11.4% 3.6% Yield

Suburb Market Profile

Last month Grove had 0 properties available for rent and 4 properties for sale. Median sold prices over the last year is $820,000 for houses. If you are looking for an investment property, consider houses in Grove rent out for $445 PW with an annual rental yield of 3.6%. Grove has seen an annual compound growth rate of -11.4% for houses.

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