Rivervale

POSTAL CODE: WA, 6103
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Homeowners and real estate investors betting on RIVERVALE, 6103 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 26.37%.

A steady increase in median property prices over a five-year period in the suburb translates to a 56.59% capital gain.

Property investors in RIVERVALE enjoyed capital gains of 26.37% over the last 12 months translating to higher returns compared with its peers in the territory.

The 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 $992,000.

Profits due to an upward trend in home prices there averaged 18.86% per annum over a 3-year period.

Home owners selling their properties and realtors in RIVERVALE usually have to wait an average of 22.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $777.5 mark, reflecting a 4.08% increase in returns based on the current median price in RIVERVALE.

RIVERVALE, 6103 places 71st in Australia based on median property value growth during the quarter.

Surburb overview

Rivervale, located approximately 5 kilometres east of Perth's central business district, is a well-established suburb in Belmont. Its proximity to the Swan River and the CBD makes it a desirable location for a diverse community.

According to the 2021 Census, Rivervale has a population of 10,897, with a median age of 34. The suburb is home to a mix of families, professionals, and students, contributing to its vibrant atmosphere. 

Rivervale is well-served by public transportation, with multiple bus routes providing convenient access to Perth's CBD and surrounding areas. The suburb's proximity to major roads and highways further enhances connectivity for residents.

The suburb offers various amenities, including parks and recreational facilities. Cracknell Park, located along the Swan River, provides residents scenic views and outdoor leisure opportunities. Rivervale's proximity to the Crown Perth complex and Optus Stadium offers additional entertainment options.

As of December 2024, the median house price in Rivervale is approximately $650,000, with a median weekly rent of $550. The suburb has experienced growth in property values, reflecting its desirability among buyers and investors. 

Rivervale offers a balanced lifestyle with access to urban conveniences and community facilities. Its proximity to the Swan River provides residents with opportunities for outdoor activities, while nearby shopping centres and dining options cater to various preferences.

Rivervale provides a dynamic living environment with essential amenities, recreational opportunities, and convenient access to Perth's CBD, appealing to families, professionals, and students alike. 

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