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

PARK GROVE in TAS currently features property rental yields up to 4.2% with a 12-month capital growth value of Up 18.4%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in PARK GROVE 7320?

The median house price in PARK GROVE 7320 is approximately $670,000 based on the latest tracked market indices.

Investment Spotlight • Australia

PARK GROVE 7320

State: TAS

Updated: 5 August 2026

PosiProp AI Investment Summary

PARK GROVE (TAS 7320) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.2% and has experienced a 12-month capital growth of Up 18.4%, with a median house buy price of $670,000. 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

$408,000

Down -5.1% 4.1% Yield

3 house • buy

$572,500

Up 10.0% 4.3% Yield

4 house • buy

$720,000

Up 2.1% 4.1% Yield

all house • buy

$670,000

Up 18.4% 4.2% Yield

Suburb Market Profile

Last month Park Grove had 7 properties available for rent and 17 properties for sale. Median property prices over the last year range from $670,000 for houses to $508,500 for units. If you are looking for an investment property, consider houses in Park Grove rent out for $515 PW with an annual rental yield of 4.2% and units rent for $500 PW with a rental yield of 4.6%. Park Grove has seen an annual compound growth rate of 18.4% for houses and 16.9% for units.

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