At number 1276th in the list of Australian suburbs ordered by increase in median house value over the last year, Riverwood, 2210 is in the top 40% with a property value increase of 11.51% recorded in median house prices.
Over the longer term, Riverwood has seen property prices show investors a 48.30% return over the last 3 years. This is worse than over the last 12 months
Riverwood, 2210 is offering NSW ‘s 736th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.62%, without taking into account capital value appreciation, which has been averaging out at 9.93%.
Property value increases in Riverwood have tracked lower than the NSW average of 8.01% over the last 12 months.
The five-year average increase in median property values for Riverwood,2210 has given property investors a potential capital gain of 39.07% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Riverwood is offering property investors an average of -4.12. This rate of discount on properties puts Suburb at number 43th in terms of most discounted suburbs in NSW
The NSW suburb of Riverwood, 2210 is in the Canterbury local government area.