Riverside is in the TOP 30% in TAS when comparing median price capital growth over the last year. Riverside gave property investors a good capital gain figure when compared to the rest of the state, with 8.38%.
If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of -0.40%. This puts Suburb as 103 on a list of fastest fasting appreciating suburbs in TAS
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Riverside itself are offering an average vendor discount of -7.95% to real estate investors.
Often selling an investment property can take time, and in Riverside the average time real estate has been on the market is 85.8 days.
Property value increases in Riverside have tracked just higher than the TAS average of 4.06% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Riverside comes in at number 23th in TAS.
Riverside, 7250 is offering TAS ‘s 5th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this 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.