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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 3.7% 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 29.23% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

On average, rents on listings have reached the $380 mark, reflecting a 4.7% increase in returns based on the current median price in RIVERSIDE.

RIVERSIDE, 7250 ranks 146th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 64th on the list of best yielding suburbs for rental properties in TAS, posting a 4.7% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $420,000 $375,000
GROWTH REPORT
Median Quarterly 0% -1.96%
Median 12 month 3.7% 2.74%
Median 3 years 29.23% 47.35%
Median 5 years 40% 56.25%
10 years average annual 4.3% 5.53%
Weekly media advert. rent $380 $295
Time on Market 24.7 days 60.1 days
Gross Rental Yield Percent 4.7% 4.09%
demographics (median values)
Total Population
5758
Weekly Household Income
961
Household Size
2.60
demographics
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