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

Based on analysis of ABS population updates for the broader area around Park Grove, its population is estimated at approximately 2,742 as of February 2026. This figure reflects an increase of 129 people since the 2021 Census, which recorded a population of 2,613 in the suburb of Park Grove. The change was inferred from AreaSearch's resident population estimate of 2,727 following examination of the latest ERP data release by the ABS in June 2024, along with an additional 41 validated new addresses since the Census date. This results in a population density ratio of 1,235 persons per square kilometer, which is higher than the average seen across national locations assessed by AreaSearch. Park Grove's growth rate of 4.9% since the 2021 census exceeded that of the SA3 area at 4.5%, marking it as a growth leader in the region. Interstate migration contributed approximately 59.0% of overall population gains during recent periods, primarily driving this growth.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and to estimate growth by age group post-2032, Tasmania State Government's Regional/LGA projections are adopted, released in 2022 with a base year of 2021, adjusted using a method of weighted aggregation from LGA to SA2 levels. Looking ahead, population projections indicate a decline overall for the suburb of Park Grove over this period, with an expected reduction of 90 persons by 2041 according to this methodology. However, growth across specific age cohorts is anticipated, notably the 75 to 84 age group, which is projected to grow by 46 people.

Residential development activity is lower than average in Park Grove according to AreaSearch's national comparison of local real estate markets

Park Grove has seen approximately 4 new homes approved each year. Over the past 5 financial years, from FY-21 to FY-25, around 24 homes were approved, with another 3 approved so far in FY-26. On average, about 4.2 new residents arrive per dwelling constructed annually during this period.

This supply lagging demand has resulted in heightened buyer competition and pricing pressures. New properties are constructed at an average value of $469,000, indicating a focus on the premium market segment with higher-end properties. In FY-26, there have been $10.2 million in commercial approvals, showing steady commercial investment activity. Compared to the Rest of Tas., Park Grove has significantly less development activity, 55.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties.

Nationally, development activity is also lower, suggesting market maturity and possible development constraints. All recent development in Park Grove has been detached houses, sustaining its suburban identity with a concentration of family homes suited to buyers seeking space. The location has approximately 929 people per dwelling approval, indicating an established market. With population projections showing stability or decline, housing demand pressures in Park Grove are expected to reduce, benefiting potential buyers.

Park Grove has emerging levels of nearby infrastructure activity, ranking in the 39thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified three projects likely to impact the region: Homes Tasmania - Park Grove Subdivision, Futuna Ave and West Park Grove Roundabout, University of Tasmania - Cradle Coast Campus Redevelopment (West Park), Marinus Link. The following details those most relevant.

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

Park Grove has a skilled workforce with essential services sectors well represented. Its unemployment rate is 1.2%, lower than the Rest of Tas.'s 3.8%. Employment growth over the past year was estimated at 6.4%.

As of September 2025, 1,497 residents are employed, with an unemployment rate of 2.6% below the Rest of Tas.'s rate. Workforce participation is high at 69.7%, compared to Rest of Tas.'s 58.6%. Only 5.3% of residents work from home. Key industries include health care & social assistance, education & training, and retail trade.

Health care & social assistance employs 1.3 times the regional level but agriculture, forestry & fishing is low at 2.2%, compared to Rest of Tas.'s 8.4%. Limited local employment opportunities are indicated by Census data. Over a 12-month period, employment increased by 6.4% and labour force grew by 6.2%, reducing unemployment by 0.2 percentage points. This contrasts with Rest of Tas., where employment rose by 0.7% and unemployment fell by 0.2 percentage points. National employment forecasts from May-25 suggest national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Park Grove's industry mix, local employment is expected to increase by 6.5% over five years and 13.9% over ten years.

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

Park Grove's income level is higher than average nationally. According to latest ATO data aggregated by AreaSearch for financial year ended June 2023, Park Grove's median income among taxpayers was $59,597 and average income stood at $72,454. This compares to figures for Rest of Tas., which were $49,689 and $59,358 respectively. Based on Wage Price Index growth of 9.6% since financial year ended June 2023, current estimates would be approximately $65,318 (median) and $79,410 (average) as of September 2025. Census data from 2021 shows household, family and personal incomes in Park Grove cluster around the 53rd percentile nationally. The data shows that the income bracket of $1,500 - 2,999 dominates with 33.6% of residents (921 people). After housing costs, residents retain 89.5% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the 6th decile.

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

Park Grove's dwelling structure, as per the latest Census, comprised 96.5% houses and 3.5% other dwellings (semi-detached, apartments, 'other' dwellings). Non-Metro Tas., in comparison, had 89.9% houses and 10.1% other dwellings. Home ownership in Park Grove was 41.0%, with mortgaged dwellings at 37.9% and rented ones at 21.1%. The median monthly mortgage repayment was $1,400, above Non-Metro Tas.'s average of $1,274. Median weekly rent in Park Grove was $300, compared to Non-Metro Tas.'s $250. Nationally, Park Grove's mortgage repayments were lower at $1,400 versus Australia's average of $1,863, and rents were substantially below the national figure of $375.

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

Family households account for 72.2% of all households, including 31.8% couples with children, 29.1% couples without children, and 10.1% single parent families. Non-family households constitute the remaining 27.8%, with lone person households at 26.1% and group households making up 2.0%. The median household size is 2.5 people, larger than the Rest of Tas. average of 2.3.

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

The area's educational profile is notable regionally, with university qualification rates at 23.4% among residents aged 15+, surpassing the SA3 area average of 15.3% and the SA4 regional average of 15.5%. Bachelor degrees are most prevalent at 14.3%, followed by postgraduate qualifications at 5.9% and graduate diplomas at 3.2%. Vocational credentials are prominent, with 35.5% of residents aged 15+ holding such qualifications – advanced diplomas at 9.7% and certificates at 25.8%.

Educational participation is high, with 30.3% of residents currently enrolled in formal education. This includes 11.8% in primary education, 9.3% in secondary education, and 5.0% pursuing tertiary education.

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

Park Grove has 13 active public transport stops, all of which are bus stops. These stops are served by 70 different routes that together facilitate 5,365 weekly passenger trips. The area's transport accessibility is rated as good, with residents typically located 241 meters from the nearest stop. As a predominantly residential zone, most commuters travel outward. Cars remain the primary mode of transportation at 93%, while walking accounts for 5%. On average, there are 1.6 vehicles per dwelling.

According to the 2021 Census, only 5.3% of residents work from home, which may be influenced by COVID-19 conditions. The service frequency averages 766 trips per day across all routes, equating to approximately 412 weekly trips per 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

Park Grove's health data shows positive outcomes, with mortality rates and health conditions aligning closely to national averages. Common health issues span both young and elderly residents, while private health cover is high at 56% (1,531 people), compared to Tasmania's 49.1%.

Asthma and mental health issues are most prevalent, affecting 8.1% and 7.7% respectively. 70.1% report no medical ailments, higher than Rest of Tas.'s 62.0%. Working-age residents have typical health outcomes. The area has fewer seniors at 18.6% (510 people), compared to Rest of Tas.'s 24.9%. Seniors' health outcomes rank high nationally.

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

Park Grove had a cultural diversity score below average, with 89.1% citizens, 84.8% born in Australia, and 90.0% speaking English only at home. Christianity was the predominant religion, comprising 45.8%. Hinduism showed overrepresentation at 2.4%, compared to 1.1% regionally.

Top ancestry groups were English (33.4%), Australian (30.3%), and Irish (7.7%). Sri Lankan ethnicity was notably higher at 0.6% than the regional average of 0.1%. Australian Aboriginal representation was 3.8%, slightly lower than the regional 4.1%. Dutch ancestry was present at 1.3%, lower than the regional 1.7%.

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

Park Grove's median age is 39 years, which is significantly lower than Rest of Tas.'s average of 45 and close to Australia's national average of 38. The 5-14 age group constitutes 15.1% of Park Grove's population, higher than Rest of Tas., while the 65-74 cohort makes up 9.3%. Post-2021 Census data indicates that the 15 to 24 age group grew from 13.1% to 14.3%, and the 85+ cohort decreased from 2.4% to 1.8%. By 2041, Park Grove's age profile is projected to change significantly. The 75 to 84 cohort is expected to grow by 14%, adding 28 residents to reach 234. Residents aged 65 and above will drive all population growth, highlighting demographic aging trends. Meanwhile, populations in the 15 to 24 and 25 to 34 age groups are projected to decline.