Property value increases in Riverside have tracked just higher than the TAS average of 9.78% over the last 12 months.
Riverside,7250 was ranked 1715 in Australia by increase in median property value over the quarter.
Property buyers and investors in Riverside 7250 should be seeing an average reduction in asking price of around -4.62% . This means that Riverside is holding prices well when compared to other suburbs in TAS.
Renters in Suburb are facing rents around $18460 per annum or $355 every week.
At number 99th in the list of Australian suburbs ordered by increase in median house value over the last year, Riverside, 7250 is in the top 10% with a property value increase of 19.60% recorded in median house prices.
If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of 3.33%. This puts Suburb as 18 on a list of fastest fasting appreciating suburbs in TAS
Riverside, 7250 is offering TAS ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this TAS.
Situated 164.07km from the CBD, Riverside is one of West Tamar (M) localities in the postcode 7250.
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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.