Riverside is an average performer in TAS when comparing median price capital growth over the last year. Riverside gave property investors a average capital gain figure when compared to the rest of the state, with 7.30%.
The five-year average increase in median property values for Riverside,7250 has given property investors a potential capital gain of 24.04% across each of those five years.
Vendor discounting in Riverside is giving property investors an average Vendor Discount of around -7.15%. This puts suburb at number 57th in TAS when ranking the most discounted suburbs.
Riverside is 85th on a list of best yielding suburbs for rents in TAS with a 5.08% return
TAS has seen average median house prices change by 3.78% which means that Riverside, 7250 has done well for property investors by showing a capital gain of -3.85% over the last year
Comparing Riverside,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Riverside are currently offering property investors an average price cut of -5.35% below the asking price at the moment.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 1.70%, investors should hope to achieve an overall return of 5.16%
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.