Park Grove

An assessment of population growth drivers in Park Grove reveals an overall ranking slightly below national averages considering recent, and medium term trends

Analyzing population updates from the ABS for the surrounding region alongside newly validated addresses since the Census, the suburb of Park Grove has an estimated population of 2,733 as of May 2026. This represents an expansion of 120 residents (4.6%) from the 2,613 citizens recorded in the 2021 Census. This adjustment is calculated from an AreaSearch population estimate of 2,725, which examined the ABS June 2025 ERP release and recognized 40 validated new addresses post-Census. With these numbers, the local population density stands at 1,231 residents per square kilometer, outperforming the typical density across national locations analyzed by AreaSearch. The 4.6% expansion rate in Park Grove since the 2021 census outpaced both the SA3 area (3.2%) and the SA4 territory, positioning the suburb as a regional growth leader. Interstate migration was the main driver of this expansion, accounting for roughly 59.0% of the total population growth in recent times.

AreaSearch utilizes the 2024 population projections from the ABS and Geoscience Australia for SA2 regions, using 2022 as the base year. Where SA2 data is unavailable, or to model age cohort shifts after 2032, projections from the Tasmania State Government released in 2022 (with a 2021 baseline) are applied via a weighted aggregation method from LGA to SA2 divisions. Looking at long-term demographic trends, the numbers indicate a coming reduction in the overall population, with the suburb losing 117 residents by 2041 under this approach. Conversely, certain age groups are set to expand, most notably the 75 to 84 cohort, which is expected to rise by 33 individuals.

The level of residential development activity in Park Grove is very low in comparison to the average area assessed nationally by AreaSearch

AreaSearch's evaluation of building approvals from the ABS indicates that the suburb of Park Grove typically averages approximately 4 approved dwellings annually, resulting in 24 total homes over the last 5 financial years. In the current FY-26 period, 3 approvals have been logged. With an average of only 0.2 new residents migrating in for each finished dwelling over the past 5 financial years (spanning FY-21 to FY-25), residential supply is keeping pace with or running ahead of demand, expanding options for buyers and supporting faster population growth than projected. Newly constructed properties carry an average estimated value of $469,000, which highlights developer activity in the high-end, premium housing market. Furthermore, commercial approvals have reached $10.2 million this financial year, showing ongoing commercial investment.

Compared to the Rest of Tas., the suburb of Park Grove displays a low level of building activity, sitting 55.0% below the regional average per capita. Such limited construction typically sustains demand and reinforces values for existing properties. This volume is also lower than the national average, pointing to a mature market and potential development limits. Additionally, recent projects have consisted entirely of detached homes, preserving the low-density suburban character of the neighborhood with a focus on spacious family residences. There are approximately 1093 residents for each dwelling approval, confirming the established state of the local market.

Given that demographic projections point to stable or shrinking population numbers, the suburb of Park Grove is likely to see reduced pressure on housing demand, which should benefit prospective purchasers.

Park Grove has emerging levels of nearby infrastructure activity, ranking in the 37thth percentile nationally

Changes to local infrastructure, major developments, and urban planning initiatives represent major influences on local performance. In total, AreaSearch has tracked 3 projects that are expected to influence the local area. Key initiatives include the Homes Tasmania - Park Grove Subdivision on Futuna Ave and the West Park Grove Roundabout, the Cradle Coast Campus Redevelopment (West Park) for the University of Tasmania, and the Marinus Link, with the most relevant details provided below.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis of employment trends sees Park Grove performing better than 90% of local markets assessed across Australia

The suburb of Park Grove possesses a highly skilled workforce with significant representation in essential services, an unemployment rate of only 1.1%, and an estimated 3.1% rise in jobs over the previous year, according to AreaSearch's compilation of regional statistics. In March 2026, there were 1,443 employed local residents. The unemployment rate is 2.9% lower than the 3.9% recorded in Regional Tas., and labor force participation is exceptionally high at 66.8% compared to the regional benchmark of 58.8%. Census records show that a minor 5.3% of the workforce worked from home, though this figure may reflect the influence of pandemic lockdowns.

The principal sectors employing local residents are health care & social assistance, education & training, and retail trade. The suburb displays a strong specialization in health care & social assistance, where the employment concentration is 1.3 times the regional average. Conversely, agriculture, forestry & fishing accounts for only 2.2% of the local workforce, compared to 8.4% across Regional Tas. Given the mismatch between the Census working population and resident population, this heavily residential suburb appears to provide few local employment opportunities.

According to AreaSearch's assessment of SALM and ABS statistics for the wider region, the past 12 months saw a job growth rate of 3.1% alongside a 3.2% rise in the labor force, keeping the unemployment rate virtually unchanged. In contrast, Regional Tas. experienced a 1.8% rise in employment, a 1.7% increase in the labor force, and a minor reduction in unemployment. National employment forecasts from Jobs and Skills Australia issued in May-25 offer additional context on future labor needs in the suburb of Park Grove. These five and ten-year projections have been applied to the local workforce structure to model future growth. While nationwide employment is projected to rise by 6.6% over five years and 13.7% over ten years, trends vary widely by industry. Projecting these industry trends onto the local employment profile indicates that jobs held by residents should grow by 6.5% over five years and 13.9% over ten years, though this is a simple weighted estimate that does not incorporate local population forecasts.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

Taxpayer data from the ATO aggregated by AreaSearch for financial year 2023 indicates that the suburb of Park Grove enjoys income levels higher than the national average. The median taxpayer income in the suburb of Park Grove is $59,597, with an average income of $72,454, compared to Regional Tas. averages of $49,689 and $59,358 respectively. Factoring in Wage Price Index growth of 10.95% since financial year 2023, updated estimates suggest figures of approximately $66,123 (median) and $80,388 (average) as of March 2026. The 2021 Census reports that household, family, and individual incomes in the suburb of Park Grove sit around the 53rd percentile nationally. The $1,500 - 2,999 weekly income bracket is the most common, accounting for 33.6% of residents (918 people), which is similar to the regional distribution where 28.5% fall into this bracket. Once housing expenses are paid, residents keep 89.5% of their earnings, indicating strong discretionary spending power, and the suburb's SEIFA index for income ranks in the 6th decile.

Park Grove is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

The housing mix in the suburb of Park Grove at the time of the last Census consisted of 96.5% detached houses and 3.5% other dwelling types like townhouses and apartments, compared to Regional Tas. where houses made up 89.9% and alternative dwellings comprised 10.1%. Home ownership rates in the suburb of Park Grove matched the Regional Tas. level of 41.0%, while the remaining properties were split between mortgaged homes (37.9%) and rental properties (21.1%). The median monthly mortgage payment of $1,400 was higher than the Regional Tas. average of $1,274, and the median weekly rent of $300 was also above the regional figure of $250. Nationally, mortgage costs in the suburb of Park Grove are much lower than the Australian average of $1,863, and rental costs are also significantly below the national median of $375.

Park Grove has a typical household mix, with a higher-than-average median household size

Families make up the majority of households in the suburb of Park Grove at 72.2%, consisting of couples with children (31.8%), couples without children (29.1%), and single-parent homes (10.1%). Non-family living arrangements account for the remaining 27.8% of households, with single-person households at 26.1% and group houses making up 2.0%. The median household occupancy of 2.5 residents is higher than the Regional Tas. average of 2.3.

Educational attainment in Park Grove aligns closely with national averages, showing typical qualification patterns and performance metrics

The educational profile of the suburb of Park Grove is distinct within the region, with tertiary qualification rates (23.4% of residents aged 15+) tracking ahead of both the SA3 average of 15.3% and the SA4 average of 15.5%, highlighting a local focus on higher education. Bachelor degrees are the most common credential at 14.3%, followed by postgraduate degrees at 5.9% and graduate diplomas at 3.2%. Technical and trade qualifications are also common, with vocational qualifications held by 35.5% of residents aged 15 and over, split between advanced diplomas (9.7%) and certificates (25.8%).

Enrollment rates in education are high, with 30.3% of local residents actively participating in formal study. This comprises 11.8% in primary schools, 9.3% in secondary schools, and 5.0% enrolled in higher education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

An analysis of public transport reveals 13 active bus stops operating in the suburb of Park Grove. These stops connect to 70 different routes, which support 5,365 passenger journeys each week. Local transit access is rated as good, with residents living an average of 241 meters from their nearest stop. Being an residential area, the vast majority of workers travel outside the suburb, with cars remaining the main transit choice at 93% and walking accounting for 5%. Dwelling vehicle ownership averages 1.6 cars per household. A low 5.3% of the workforce worked from home, according to 2021 Census data, which may reflect pandemic-era conditions.

Average service frequency across all routes stands at 766 trips daily, which equates to roughly 412 weekly trips for each stop.

Park Grove's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Health indicators show positive trends for the suburb of Park Grove, with AreaSearch's evaluation of mortality data and health profiles showing outcomes that align closely with national benchmarks, featuring a typical spread of common health conditions across both younger and older demographics. The rate of private health insurance is high, with approximately 56% of the population (~1,526 people) covered, compared to 49.1% across Regional Tas..

Asthma and mental health issues were the most frequently reported medical conditions, affecting 8.1 and 7.7% of residents respectively. Conversely, 70.1% of the population reported no chronic health conditions, compared to 62.0% in Regional Tas. Health outcomes for the working-age cohort are standard. Seniors aged 65 and over make up 18.7% of the local population (511 people), which is lower than the Regional Tas. share of 24.9%. Health metrics among older residents are strong, with national percentiles exceeding those of the general population.

Park Grove ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

The suburb of Park Grove exhibits lower cultural diversity than average, with citizens representing 89.1% of the population, 84.8% of residents born in Australia, and 90.0% speaking only English at home. Christianity is the dominant religion, practiced by 45.8% of the population. However, Hinduism shows the most notable concentration relative to the region, accounting for 2.4% of residents compared to 1.1% across Regional Tas..

In terms of parental heritage, the most common ancestries in the suburb of Park Grove are English (33.4%), Australian (30.3%), and Irish (7.7%). There are also minor differences in other backgrounds: Sri Lankan heritage is represented at 0.6% in the suburb of Park Grove (compared to 0.1% across the region), Australian Aboriginal heritage stands at 3.8% (compared to 4.1% regionally), and Dutch ancestry is at 1.3% (compared to 1.7% regionally).

Park Grove's population aligns closely with national norms in age terms

With a median age of 39 years, the suburb of Park Grove is younger than the Regional Tas. median of 45 and matches closely with the national median of 38 years. The 5 - 14 age group is well represented at 15.3% compared to Regional Tas., while the 65 - 74 bracket is less common at 9.3%. Post-2021 Census data indicates that the 15 to 24 cohort expanded from 13.1% to 14.1% of the population, while residents aged 85 and over declined from 2.4% to 1.8%. Demographic modeling suggests that the age structure in the suburb of Park Grove will change significantly by 2041. The 75 to 84 age bracket is projected to show the highest growth at 11%, adding 22 people to reach a total of 230. Residents aged 65 and over will account for all population growth, highlighting the aging trend, while declines are projected for both the 15 to 24 and 25 to 34 cohorts.