If you compare the increase in value of investment property in Riverside, 7250 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was 0.95%.
Over the longer term, Riverside has seen property prices show investors a 14.29% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Riverside is $320000, with sellers offering an average of -5.71% off the asking price.
At number 1612th in the list of Australian suburbs ordered by increase in median house value over the last year, Riverside, 7250 is in the BOTTOM 10% with a property value increase of -12.03% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Riverside,7250 has racked up an average of -12.03% over the period. This ranks it number 1611th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.55% to buyers in Riverside at the moment, which is less than average for the rest of TAS.
In the last year 37 properties changed hands in Riverside, which puts it as the 15th most active market in TAS when comparing the number of sales per suburb.
Riverside is 24th on a list of best yielding suburbs for rents in TAS with a 5.43% return
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.