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ABS 2021 Census · Updated 21 May 2026
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 per year.
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.
Official Australia Post postcode for Grove. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Grove on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Grove is a smaller community of 533 — about 14% of the Tasmania suburb median (3,902) — so investors should factor in the narrower buyer pool and longer average time-on-market. Households here earn $84,500/year on average — 14% above the TAS suburb median of $73,944 — a modest premium that supports resilient owner-occupier demand. Rent of $255/week (70% coverage of the $1,585/month median mortgage) leaves a gap of roughly $480/month that a typical investor bridges with negative gearing, depreciation and capital growth. 22 km from Hobart places Grove in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs. Separate houses make up 96% of dwellings — 16 percentage points above the Tasmania median of 80% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.
How Grove stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Grove sits above the state median; negative means below.
| Metric | Grove | TAS median | Δ vs state |
|---|---|---|---|
| Population | 533 | 3,902 | -86% |
| Median household income | $84,500/yr | $73,944/yr | +14% |
| Median rent (weekly) | $255 | $320 | -20% |
| Median mortgage (monthly) | $1,585 | $1,378 | +15% |
| Distance to CBD | 22 km | 24 km | -8% |
| Separate houses | 96% | 80% | +16pp |
Pre-inspection briefing for Grove — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 533 means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Moderate rental coverage: rent of $255/week covers 70% of a $1,585/month mortgage, leaving a $480/month gap that an investor bridges with equity, depreciation and tax benefits.
With 96% houses in a 533-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Grove property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Grove are modest for 2026 — incomes 14% above the TAS median of $73,944 and a population of 533 suggest gains will lag headline metro markets. Rental coverage runs at ~70% of the typical mortgage ($1,105/month rent vs $1,585/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 48/100 places Grove in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Grove scores 48/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 533, median household income of $84,500/year and median weekly rent of $255. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Grove are proximity to Hobart (22 km), an above-state-median household income of $84,500/year, a dwelling mix that is 96% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Grove has a usual resident population of approximately 533, compared with a Tasmania suburb median of 3,902 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Grove sits 22 km straight-line from the Hobart CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $255 in Grove, equating to approximately $13,260/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Grove is $1,585, or approximately $19,020/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $255 works out to $1,105/month, covering 70% of the median mortgage repayment of $1,585/month. That leaves a $480/month shortfall (around $5,760/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (533 residents), interest-rate sensitivity on the $1,585 median mortgage, the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.