All About Park Grove, Burnie, TAS, 7320

Park Grove, located in Burnie, Tasmania, is a suburb that has recently attracted attention in the housing market due to its family-friendly atmosphere and scenic surroundings. Known for its expansive parks and green spaces, Park Grove offers residents a tranquil environment, making it an appealing location for both families and retirees. The housing market here generally consists of a mix of mid-century homes and newer, contemporary builds, providing a variety of options for potential buyers. In recent years, there has been moderate growth in property values, driven primarily by its desirable location that combines suburban calm with proximity to Burnie's urban amenities. This growth trend is attracting not only local buyers but also investors looking for opportunities in Tasmania's burgeoning real estate sector.

Living in Park Grove offers a comfortable and community-oriented lifestyle, with the added advantage of convenience. Residents have access to a range of local amenities, including parks, schools, and shopping areas. The suburb is home to good educational institutions, such as local primary and secondary schools, making it a particularly attractive option for families. Additionally, the nearby Burnie city center provides ample employment opportunities, shopping facilities, and cultural activities, ensuring that residents have everything they need within a short commute. The sense of community in Park Grove is strong, with local events and community groups providing social and recreational opportunities. The peaceful ambiance and well-maintained surroundings make it a sought-after suburb for those looking to enjoy a laid-back yet connected lifestyle in Tasmania.

Park Grove Real Estate Market Outlook

Thinking about buying in Park Grove? Now could not be a better time, with 1407 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $358,000 with prices in this suburb ranging from $11,000 to $1,926,000. Park Grove is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Park Grove due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Park Grove classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Park Grove requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!