Property investors enjoyed capital gains of 2.48% 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 14.98% 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 $345 based on current median home prices for the suburb.
On average, rents on listings have reached the $345 mark, reflecting a 5.44% increase in returns based on the current median price in RIVERSIDE.
RIVERSIDE, 7250 ranks 149th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 55th on the list of best yielding suburbs for rental properties in TAS, posting a 5.44% return.
Homeowners and real estate investors betting on RIVERSIDE, 7250 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 10.44%.
RIVERSIDE, 7250 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 $275,000.
Profits due to an downward trend in home prices in RIVERSIDE, 7250 averaged -1.17% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $260 based on current median home prices for the suburb.
The gross rental yield in RIVERSIDE, 7250 is 4.92%.
An average of 3.25 real estate transactions take place per month in RIVERSIDE which translates to 39 per annum.
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