Suburb Profile Report for Riverside TAS (7250)

Riverside House: Median price $335,000, Annual capital growth 2.99%, Number of sales 109, Weekly median advertised rent $330

Riverside Unit: Median price $282,058, Annual capital growth 3.06%, Number of sales 32, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Riverside, 7250 have given investors a capital gain of 11.67%. This compares favourably with the 4.21% for TAS as a whole.

If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of 6.35%. This puts Suburb as 37 on a list of fastest fasting appreciating suburbs in TAS

Our latest figures would indicate that property sellers in Riverside are currently offering property investors an average price cut of -7.35% below the asking price at the moment.

Residents and property investors in Riverside have been waiting around 84.06 days to sell a property.

Advertised rents are around the $330 mark per week – giving a return of 5.12% based on the median price in Suburb

Over the last year, property investments in Riverside, 7250 have given investors a capital gain of 18.51%. This compares very favourably with the 3.83% for TAS as a whole.

If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of -1.38%. This puts Suburb as 34 on a list of fastest fasting appreciating suburbs in TAS

Vendor discounting in Riverside is giving property investors an average Vendor Discount of around -6.40%. This puts suburb at number 12th in TAS when ranking the most discounted suburbs.

Property investors should expect to get $260 weekly from the median priced house in this suburb.

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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.Full summary

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.

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Metrics i HOUSE UNIT
$335,000 $282,058
6.35% -1.38%
11.67% 18.51%
2.99% 3.06%
$330 $260
109 32
5.12% 4.79%
84.06 76.34

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Riverside TAS
Demographics
Total population 6072
Median household income ($/weekly) 1152
Median age of persons 40
Median housing loan repayment ($/monthly) 1381
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 834 13.7
    25-34 years 603 9.9
    35-44 years 743 12.2
    45-54 years 920 15.2
    55-64 years 792 13.0
    Others 2180 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 2384 53.0
    Not Married 1725 38.4
    Defacto Relationship 387 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5003 85.2
    New Zealand 62 1.1
    Papua New Guinea 70 1.2
    United Kingdom 326 5.6
    Other 123 2.1
    Others 288 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.6
    Christianity 3880 69.0
    Hinduism 42 0.7
    Islam 37 0.7
    No Religion 1611 28.6
    Others 21 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 258 12.3
    $600-$799 225 10.7
    $1,000-$1,249 186 8.9
    $1,500-$1,999 268 12.8
    $2,000-$2,499 201 9.6
    Others 961 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1696 35.7
    Not in the labour force 1654 34.8
    Employed, worked part-time 1064 22.4
    Employed, away from work 177 3.7
    Unemployed, looking for work 159 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 332 11.3
    Professionals 717 24.4
    Technicians & trades workers 425 14.5
    Community & personal service workers 352 12.0
    Clerical & administrative workers 400 13.6
    Others 712 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 55 3.7
    Infants/Primary 569 38.2
    Secondary 445 29.9
    Technical or Further Educational Institution 168 11.3
    University or other Tertiary Institutions 224 15.1
    Others 27 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5319 92.4
    Semi-detached, row or terrace house, townhouse 346 6.0
    Flat, unit or apartment 81 1.4
    House or flat attached to a shop, office 6 0.1
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 929 41.1
    Being purchased 811 35.9
    Rented 497 22.0
    Other tenure type 22 1.0
    Tenure Type
Census 2011, ABS
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