Over the last year, property investments in Riverside, 7250 have given investors a capital gain of 3.17%. This compares badly with the 7.14% for TAS as a whole.
While Riverside,7250 ranked number 117th in TAS for increase in median house value (annualised) increase, it is ranked 52th over the last 5 years.
Riverside7250 is located in TAS which offers an average discount of -6.16% to property investors. Riverside itself is showing figures that indicate -6.48% is the average achievable by property buyers investing in the suburb.
In the last year 132 properties changed hands in Riverside, which puts it as the 8th most active market in TAS when comparing the number of sales per suburb.
Riverside has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -10.79% to date .
The five-year average increase in median property values for Riverside,7250 has given property investors a potential capital gain of 1.22% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Riverside itself are offering an average vendor discount of -5.06% to real estate investors.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 1.49%, investors should hope to achieve an overall return of 5.43%
Situated a few kilometres northwest of the CBD, Riverside is Launceston’s largest suburb in terms of population, and is home to several schools, sports grounds and a golf course amongst other things.Full summary
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Situated a few kilometres northwest of the CBD, Riverside is Launceston’s largest suburb in terms of population, and is home to several schools, sports grounds and a golf course amongst other things.
Road access to Launceston city centre is good, with the A7 highway running right through Riverside, and on into the CBD.