Suburb Profile Report for Riverside TAS (7250)

Riverside House: Median price $317,000, Annual capital growth 2.41%, Number of sales 124, Weekly median advertised rent $330

Riverside Unit: Median price $248,500, Annual capital growth 1.34%, Number of sales 35, 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 0.63%. This compares badly with the 6.16% for TAS as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Riverside comes in at number 109th in TAS.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Riverside, 7250. Typically our figures indicate that -6.44% is being offered, which puts this TAS suburb at 1460th most discounted overall in Australia.

Often selling an investment property can take time, and in Riverside the average time real estate has been on the market is 79.43 days.

Riverside is 70th on a list of best yielding suburbs for rents in TAS with a 5.41% return

Riverside, 7250 ranked 35th in TAS when comparing growth in median property values or capital gain over the last 12 months. Riverside is one of 606 in our list for TAS

If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of -0.20%. This puts Suburb as 33 on a list of fastest fasting appreciating suburbs in TAS

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Riverside itself are offering an average vendor discount of -5.56% to real estate investors.

Advertised rents are around the $260 mark per week – giving a return of 5.44% based on the median price in 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
$317,000 $248,500
-6.21% -0.20%
0.63% -1.00%
2.41% 1.34%
$330 $260
124 35
5.41% 5.44%
79.43 73.85

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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