Property value increases in Riverside have tracked just higher than the TAS average of 3.08% over the last 12 months.
If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of 1.27%. This puts Suburb as 84 on a list of fastest fasting appreciating suburbs in TAS
Vendor discounting in Riverside is giving property investors an average Vendor Discount of around -8.22%. This puts suburb at number 42th in TAS when ranking the most discounted suburbs.
Situated 162.66km from the CBD, Riverside is one of West Tamar localities in the postcode 7250.
Riverside is in the TOP 10% in TAS when comparing median price capital growth over the last year. Riverside gave property investors a very good capital gain figure when compared to the rest of the state, with 16.30%.
Riverside,7250 was ranked 1185 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.62% offered to property buyers. Sellers in Riverside itself are offering an average vendor discount of -6.09% to real estate investors.
Often selling an investment property can take time, and in Riverside the average time real estate has been on the market is 64 days.
Property investors should expect to get $255 weekly from the median priced house in this 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.