Riverwood has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.41% to date .
While Riverwood,2210 ranked number 1136th in NSW for increase in median house value (annualised) increase, it is ranked 344th over the last 5 years.
The most recent median price for Riverwood is $1060000, with sellers offering an average of -5.28% off the asking price.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 2.75%, without taking into account capital value appreciation, which has been averaging out at 9.14%.
Riverwood is in the bottom 20% in NSW when comparing median price capital growth over the last year. Riverwood gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.24%.
Taking the average capital gain, or increase in median house value, Riverwood,2210 has racked up an average of -0.24% over the period. This ranks it number 895th in the whole country for real estate investors looking at median house price increases.
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 Riverwood, 2210. Typically our figures indicate that -5.39% is being offered, which puts this NSW suburb at 600th most discounted overall in Australia.
The NSW suburb of Riverwood, 2210 is in the Canterbury local government area.