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
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.