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Suburb Insights ยท TAS 7109

Grove 7109, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Grove is a regional centre in Tasmania, Australia, with a population of approximately 533, making it a boutique locality. Located approximately 22 km from the Hobart CBD, Grove is a regional area in Tasmania. The median household income is $84,500 AUD per year (ABS 2021 Census).

Investment Score

48 / 100 Moderate

Household incomes in Grove sit in a comfortable mid-range for the Tasmania market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Grove, Tasmania, Australia.

Key Indicators

Postcode
7109

Official Australia Post postcode for Grove. A postcode may cover multiple suburbs.

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Population
533

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$255/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$84,500/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
22 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,585/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
96% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Grove serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $255/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,585/month. The median household income of $84,500/year reflects a solid demographic, supporting sustainable rental demand. 96% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Grove offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Achieving strong cash flow in Grove is challenging at current rent-to-price ratios.

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Renovation / Flip

The resale market in Grove may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Grove property

Full Property Analysis

30-year projections for Grove

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Grove faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Grove's 2026 outlook. Grove is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Grove a good suburb for investment?

Grove is a regional area in Tasmania with a population of 533. The median rent is $255/week and the median household income is $84,500/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Grove?

Key demand drivers in Grove include regional employment hubs, lifestyle, and affordability. 96% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Grove?

According to the ABS 2021 Census, Grove has a population of approximately 533. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Grove from the Hobart CBD?

Grove is approximately 22 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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