Suburb Profile Report for Riverhills QLD (4074)

Riverhills House: Median price $475,000, Annual capital growth 3.26%, Number of sales 69, Weekly median advertised rent $415

Riverhills Unit: Median price $345,000, Annual capital growth -5.02%, Number of sales 13, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Riverhills, 4074 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.74%

A 15.15% growth in median value for property investors in Riverhills,4074 puts this suburb at number 425th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Riverhills are currently offering property investors an average price cut of -5.40% below the asking price at the moment.

On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.

Riverhills is 409th on a list of best yielding suburbs for rents in QLD with a 4.54% return

At number 1289th in the list of Australian suburbs ordered by increase in median house value over the last year, Riverhills, 4074 is in the BOTTOM 30% with a property value increase of -2.47% recorded in median house prices.

Our latest figures would indicate that property sellers in Riverhills are currently offering property investors an average price cut of -4.37% below the asking price at the moment.

With the median price for a house in Riverhills being $345000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.88%

Metrics i HOUSE UNIT
$475,000 $345,000
0.37% -2.13%
6.74% -2.47%
3.26% -5.02%
$415 $390
69 13
4.54% 5.88%
48.81 72.84

Source: CoreLogic

DSR Score for property investment : Good (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