Risdon Vale

POSTAL CODE: TAS, 7016
HOUSE

Property investors have seen a 2.15% gain in RISDON VALE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains RISDON VALE, 7016 saw average growth in the long term.

The TAS suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $475,000

Profits averaged 0% per annum over a 3-year period, due to an upward trend in home prices in RISDON VALE, 7016.

This means, real estate investors could earn a rental income of $490 based on current median home prices for the suburb.

The gross rental yield in RISDON VALE, 7016 is 5.36%.

An average of 3.92 real estate transactions take place per month in RISDON VALE which translates to 47 per annum.

Surburb overview

Risdon Vale, with the postcode 7016, is a suburb located approximately 10 kilometres northeast of Hobart’s central business district in Tasmania. Known for its residential charm, community-oriented atmosphere, and convenient access to urban amenities, Risdon Vale offers a comfortable lifestyle for its residents. The population of Risdon Vale is around 3,500 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s serene environment and strategic location.

Risdon Vale falls under the jurisdiction of the City of Clarence, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via the East Derwent Highway.

Educational facilities in Risdon Vale include Risdon Vale Primary School, catering to the educational needs of young children in the community. For secondary education, students typically attend nearby schools such as Geilston Bay High School and Rose Bay High School. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. For higher education, residents have access to institutions in Hobart, such as the University of Tasmania and various vocational training centres.

For shopping and essential services, Risdon Vale residents often visit the nearby Eastlands Shopping Centre in Rosny Park, which offers a variety of retail stores, supermarkets, cafes, and dining options. This centre, along with local shops and eateries in the surrounding suburbs, ensures residents have convenient access to everyday needs.

Risdon Vale is rich in recreational activities, with numerous parks, reserves, and green spaces enhancing the suburb’s appeal. Risdon Brook Park is a popular local spot featuring walking trails, picnic areas, and a reservoir, making it ideal for family outings and outdoor activities. The nearby Meehan Range offers further opportunities for hiking, mountain biking, and enjoying the natural beauty of the area.

Residents of Risdon Vale benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including Mount Wellington and the Derwent Valley.

Community engagement is strong in Risdon Vale, with various local events and activities fostering a sense of connection and social interaction. The suburb’s parks and community centres host numerous programs and events, providing opportunities for residents to come together and enjoy the vibrant community spirit.

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