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AREA REPORTS

Riverside

Suburb Profile

Riverside - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

house
unit

Property investors enjoyed capital gains of 13.29% 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 22.88% 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 $350 based on current median home prices for the suburb.

On average, rents on listings have reached the $350 mark, reflecting a 4.4% increase in returns based on the current median price in RIVERSIDE.

RIVERSIDE, 7250 ranks 44th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 104th on the list of best yielding suburbs for rental properties in TAS, posting a 4.4% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $413,500 $387,500
GROWTH REPORT
Median Quarterly 2.86% 7.64%
Median 12 month 13.29% 19.6%
Median 3 years 22.88% 56.25%
Median 5 years 46.63% 38.39%
10 years average annual 3.67% 5.53%
Weekly media advert. rent $350 $300
Time on Market 35.7 days 63.9 days
Gross Rental Yield Percent 4.4% 4.03%
demographics (median values)
Total Population
5758
Weekly Household Income
961
Household Size
2.60
demographics
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