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Riverside
AREA REPORTS

Riverside

Riverside - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7250

house
unit

Property investors enjoyed capital gains of 32.96% over the last 12 months in RIVERSIDE, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in RIVERSIDE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 68.56% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $445 based on current median home prices for the suburb.

On average, rents on listings have reached the $445 mark, reflecting a 3.89% increase in returns based on the current median price in RIVERSIDE.

RIVERSIDE, 7250 ranks 59th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 75th on the list of best yielding suburbs for rental properties in TAS, posting a 3.89% return.

Data report can be found below

Riverside
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $595,000 $402,500
GROWTH REPORT
Median Quarterly 12.26% 5.92%
Median 12 month 32.96% 11.03%
Median 3 years 68.56% 23.85%
Median 5 years 76.82% 67.71%
10 years average annual 8.31% 6.41%
Weekly media advert. rent $445 $370
Time on Market 24.4 days 25.9 days
Gross Rental Yield Percent 3.89% 4.78%
demographics (median values)*
Total Population
48050
Weekly Household Income
1142
Household Size
2.30
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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