Suburb Profile Report for Riverhills QLD (4074)

Riverhills House: Median price $470,000, Annual capital growth 3.80%, Number of sales 59, Weekly median advertised rent $413

Riverhills Unit: Median price $345,000, Annual capital growth 0.78%, Number of sales 15, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Riverhills, 4074 have given investors a capital gain of 5.62%. This compares favourably with the 2.41% for QLD as a whole.

If we look at median property appreciation over just the last three months, Riverhills has given property investors a paper return of 0.00%. This puts Suburb as 469 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Riverhills is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 532th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Riverhills the average time real estate has been on the market is 54.84 days.

A $412.5 per week rent on the median house gives suburb investors a gross yield of circa 4.56%, without taking into account capital value appreciation, which has been averaging out at 3.80%.

Investment property in Riverhills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.86%

The most recent median price for Riverhills is $345000, with sellers offering an average of -4.00% off the asking price.

Riverhills, 4074’s gross rental yield is 5.88%

Metrics i HOUSE UNIT
$470,000 $345,000
0.00% -0.72%
5.62% -0.86%
3.80% 0.78%
$413 $390
59 15
4.56% 5.88%
54.84 76.47

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3818
Median household income ($/weekly) 1673
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 499 13.1
    25-34 years 633 16.6
    35-44 years 560 14.7
    45-54 years 530 13.9
    55-64 years 450 11.8
    Others 1148 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 1468 51.9
    Not Married 1088 38.5
    Defacto Relationship 273 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2550 69.0
    Papua New Guinea 165 4.5
    South Africa 70 1.9
    United Kingdom 270 7.3
    Other 212 5.7
    Others 431 11.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 114 3.2
    Christianity 2366 66.8
    Hinduism 106 3.0
    Islam 68 1.9
    No Religion 850 24.0
    Others 39 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 105 8.4
    $1,250-$1,499 112 8.9
    $1,500-$1,999 203 16.2
    $2,000-$2,499 194 15.5
    $2,500-$2,999 121 9.7
    Others 517 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1414 48.6
    Not in the labour force 674 23.1
    Employed, worked part-time 581 20.0
    Employed, away from work 130 4.5
    Unemployed, looking for work 113 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 242 11.4
    Professionals 508 23.8
    Technicians & trades workers 332 15.6
    Community & personal service workers 222 10.4
    Clerical & administrative workers 371 17.4
    Others 455 21.4
    Occupation
    Census Count Percent(%)
    Pre-school 55 5.8
    Infants/Primary 333 35.0
    Secondary 242 25.4
    Technical or Further Educational Institution 69 7.2
    University or other Tertiary Institutions 220 23.1
    Others 33 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3449 93.9
    Semi-detached, row or terrace house, townhouse 220 6.0
    Flat, unit or apartment 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 636 47.3
    Fully owned 373 27.7
    Rented 333 24.7
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals