Property investors who have had real estate in Riverside, 7250 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.00%
Comparing Riverside,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Riverside is giving property investors an average Vendor Discount of around -6.88%. This puts suburb at number 74th in TAS when ranking the most discounted suburbs.
In the last year 106 properties changed hands in Riverside, which puts it as the 12th most active market in TAS when comparing the number of sales per suburb.
Riverside is 89th on a list of best yielding suburbs for rents in TAS with a 5.06% return
At number 367th in the list of Australian suburbs ordered by increase in median house value over the last year, Riverside, 7250 is in the top 30% with a property value increase of 10.54% recorded in median house prices.
LACK OF BUYER INTEREST may well be the reason that Riverside is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in TAS
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.