Over the last year, property investments in Riverside, 7250 have given investors a capital gain of 11.67%. This compares favourably with the 3.72% for TAS as a whole.
Taking the average capital gain, or increase in median house value, Riverside,7250 has racked up an average of 11.67% over the period. This ranks it number 2533th in the whole country for real estate investors looking at median house price increases.
Riverside7250 is located in TAS which offers an average discount of -7.15% to property investors. Riverside itself is showing figures that indicate -7.48% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Riverside have been waiting around 83.34 days to sell a property.
Situated 162.68km from the CBD, Riverside is one of West Tamar localities in the postcode 7250.
Giving property investors a a stable capital gain of 9.82% for the last year, Riverside, 7250 is the 382th highest performer in Australia in this respect.
Riverside,7250 has offered an average of 9.82% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Riverside is giving property investors an average Vendor Discount of around -6.12%. This puts suburb at number 14th in TAS when ranking the most discounted suburbs.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 2.18%.
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.