With a capital gain of 7.79% for the last 12 months, Riverside, 7250 has performed for property investments than its average annual 2.08% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of -0.41%. This puts Suburb as 150 on a list of fastest fasting appreciating suburbs in TAS
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Riverside itself are offering an average vendor discount of -4.15% to real estate investors.
With the median price for a house in Riverside being $366500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.11%
Property investors who have had real estate in Riverside, 7250 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.36%
If we look at median property appreciation over just the last three months, Riverside has given property investors a paper return of 0.31%. This puts Suburb as 32 on a list of fastest fasting appreciating suburbs in TAS
At number 14th of TAS’s most discounted properties, Riverside is in the TOP 40% of the state/territory when listing in order of most discounted to least.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 5.26%.
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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.