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Median values are calculated based on data over a 12 month period.

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Market Report

Park Grove has 59 houses available for sale. The median property price for a house is currently 570,000 with annual capital growth of 5.56 . There were 36 house sales in the past 12 months. On average, houses spend 55 days on market.

If you're thinking about buying an investment property in Park Grove, consider that rental yields for houses are currently 4.64 with an average median rent of 450 weekly. Houses have seen -1.30 growth in the past quarter, and 5.56 growth in the past 12 months.

The size of Park Grove is approximately 2.1 square kilometres. It has 7 parks covering nearly 4.2% 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.

Park Grove has 12 units available for sale. The median property price for a unit is currently 372,500 with annual capital growth of -1.97 . There were 9 unit sales in the past 12 months.

If you're thinking about buying an investment property in Park Grove, consider that rental yields for units are currently 4.91 with an average median rent of 372 weekly. Units have seen 2.05 growth in the past quarter, and -1.97 growth in the past 12 months.

The size of Park Grove is approximately 2.1 square kilometres. It has 7 parks covering nearly 4.2% 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.

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Key Market Data House Unit
Median price 570,000 372,500
Quarterly growth -1.30 +2.05
12-month growth +5.56 -1.97
Average annual growth +11.38 +11.11
Weekly median rent 450 372
Gross rental yield 4.64 4.91
Number of Sales (12m) 36 9
Avg. Days on Market (12m) 55
Jump to Market Trends
Key Demographics 2011 2016
Total population 2,358 2,391
Population change (5y) +15.93 +1.40
Median household income (p/w) 1,184 1,375
Household income change (5y) +19.48 +16.13
Median age of persons 40 41
Jump to Demographics Trends
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