Suburb Profile Report for Riverview QLD (4303)

Riverview House: Median price $235,000, Annual capital growth -0.75%, Number of sales 33, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Riverview has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.99% to date .

The five-year average increase in median property values for Riverview,4303 has given property investors a potential capital gain of 5.86% across each of those five years.

Property buyers and investors in Riverview 4303 should be seeing an average reduction in asking price of around -5.96% . This means that Riverview is holding prices well when compared to other suburbs in QLD.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of -0.75%, investors should hope to achieve an overall return of 6.20%

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Another one of PRDnationwide’s top picks, the suburb of Riverview conveniently sits along the rail and road corridor between Ipswich and Brisbane.

Sales activity here has been stable, says PRDnationwide’s Josh Brown, but prices have softened, making Riverview a great pick for affordability.

Riverview’s traditionally been a good performer in terms of capital growth. While it’s been in the doldrums on that front in recent times thanks to flood and economy woes, Brown believes that its location will drive further growth in the long term.

“This suburb is well located along transport corridors connecting Brisbane to one of the fastest growing cities in the South East and it is expected to achieve strong growth in the future,” he says.

Certainly having its own train station and being right next to the Ipswich motorway puts Riverview up there on the accessibility front. Ipswich is around 20 minutes away by car or train, while Brisbane’s more like a 30- or 40-minute journey.

Hot Property Specialists’ Liz Wilcox notes that it’s largely a lower socioeconomic area with a lot of families and single mums. Looking at 2006 Census data, average weekly family incomes come in lower that the Queensland average ($796 vs $1123), and 54% of the suburb’s population are renters. SQM Research expects this second figure to rise to 77% over the next five years.

“It’s an affordable area with a lot of older ex housing commission homes,” notes Wilcox. “You can pick up a three-bedroom, one-bathroom house for under $300,000.”

She adds that parts of the suburb were flooded at the beginning of 2011, so it’s worth bearing this in mind when looking at property close to the river.

Metrics i HOUSE UNIT
$235,000 N/A
-2.08% N/A
-2.99% N/A
-0.75% N/A
$280 N/A
33 N/A
6.20% N/A
75 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Riverview QLD
Total population 3243
Median household income ($/weekly) 836
Median age of persons 33
Median housing loan repayment ($/monthly) 1300
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 559 17.2
    25-34 years 422 13.0
    35-44 years 400 12.3
    45-54 years 366 11.3
    55-64 years 311 9.6
    Others 1185 36.5
    Age Group
    Census Count Percent(%)
    Not Married 1066 52.6
    Registered Married 750 37.0
    Defacto Relationship 209 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2138 72.5
    Croatia 76 2.6
    Papua New Guinea 200 6.8
    United Kingdom 105 3.6
    Other 266 9.0
    Others 163 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.5
    Christianity 1999 72.1
    Hinduism 16 0.6
    Other Religious Groups 25 0.9
    No Religion 675 24.4
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 128 15.0
    $600-$799 131 15.4
    $800-$999 96 11.3
    $1,000-$1,249 102 12.0
    $1,500-$1,999 92 10.8
    Others 302 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1116 50.7
    Employed, worked full-time 626 28.5
    Employed, worked part-time 235 10.7
    Unemployed, looking for work 165 7.5
    Employed, away from work 58 2.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 124 13.5
    Community & personal service workers 105 11.4
    Clerical & administrative workers 108 11.7
    Machinery operators & drivers 120 13.0
    Labourers 240 26.1
    Others 224 24.3
    Census Count Percent(%)
    Pre-school 33 4.9
    Infants/Primary 338 50.4
    Secondary 171 25.5
    Technical or Further Educational Institution 56 8.3
    University or other Tertiary Institutions 61 9.1
    Others 12 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2784 97.9
    Flat, unit or apartment 35 1.2
    Semi-detached, row or terrace house, townhouse 21 0.7
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 528 55.6
    Being purchased 246 25.9
    Fully owned 172 18.1
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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