Over the last year, property investments in Riverside, 7250 have given investors a capital gain of 3.17%. This compares badly with the 7.86% for TAS as a whole.
Across a shorter period, Riverside, 7250 has seen a median price increase of 0.00% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.83% offered to property buyers. Sellers in Riverside itself are offering an average vendor discount of -6.14% to real estate investors.
Situated 164.10km from the CBD, Riverside is one of West Tamar localities in the postcode 7250.
Giving property investors a an unimpressive capital gain of -2.50% for the last year, Riverside, 7250 is the 1292th highest performer in Australia in this respect.
Over the longer term, Riverside has seen property prices show investors a 0.00% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Riverside should be aiming for at least -5.26% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $260 mark per week – giving a return of 4.92% 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.