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Investment Property Riverside, TAS, 7250

Suburb Snapshot

Riverside is a suburb in the West Tamar Region of Tasmania. Riverside has a population of 6,466 people and 21.90% of its occupants live in rental accommodation. The median listing price for houses is $612,000 and this has changed -1.30% over the past year and changed 2.17% over 2 years.

The median rent in Riverside for houses is $490 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed 10.20% compared to last year and the average time to sell a house/townhouse is 76 days.The median listing price for units is $449,000 and this has changed 13.67% over the past year. The average unit takes 65 days to sell and the median rent for a unit in Riverside is $390 per week, producing a rental yield of 4.51%.

Supply & Demand in Riverside, West Tamar

0.85%

Current vacancy rate


28

Rental stock available


6,466

Population


21.90%

Rental population


0.54%

Current vacancy rate


70

Rental stock available


22,720

Population


16.05%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Riverside, West Tamar

  House Townhouses Units
Median listing price $612,000 NA $449,000
Median price change - last quarter -2.80% NA 6.20%
Median price change - 1 year -1.30% NA 13.67%
Median price change - 2 years 2.17% NA 11.13%
  House Townhouses Units
Median weekly rent $490 NA $390
Median yield % 4.16% NA 4.51%
Median rent change - 1 year 4.25% NA 2.63%
  House Units
Previous month sales 7 3
Stock on market previous month 54 11
Stock variance vs. last year 10.20% 120.00%
Average days on market 76 65

Riverside investment property listings

Showing 5 of 70 investment properties found in Riverside on realestateinvestar.com.au

3/12A New Ecclestone Rd, Riverside

$695,000

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Brand New, Stylish and Well Built.

Discover the perfect blend of comfort, style, and convenience in this brand-new solid brick townhouse, ideally located just a short 10-minute drive from Launceston's vibrant CBD. With contemporary finishes and a smart layout, this home is designed for easy modern living. Boasting three generously ...

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TAS 7250


46 Rannoch Ave, Riverside

$995,000

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Freedom for Teens, Comfort, views, lifestyle & 5 bedrooms

Discover the perfect blend of space, style, and serenity in this stunning five-bedroom home in Riverside. Designed with modern family living in mind, this gorgeous residence offers an exceptional lifestyle opportunity with room for everyone to unwind. Upstairs, light-filled living areas capture ...

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TAS 7250


3 Rochester Ct, Riverside

$2,950,000

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Luxurious Lifestyle Home

This luxurious Tasmanian home presents a once in a lifetime opportunity to own the ultimate lifestyle home. In fact, it will be like owning your own resort. With a full-sized tennis court, 5 hole putting green, theatre/golf sim room, and a bar that is befitting of a top-class restaurant, this home ...

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TAS 7250


33/23 Elourea St, Riverside

$900,000

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A Landmark Tamar Valley Wine Route Destination Live, Invest & H

Perfectly positioned directly opposite the shimmering Tamar River, this exceptional mixed use property offers an enviable elevated river outlook along one of Tasmania's most celebrated food and wine trails. The sale includes the fully established restaurant, a self contained one bedroom unit, and ...

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TAS 7250


1/271 West Tamar Rd, RIVERSIDE

$735,000

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Brand new & low-maintenance haven with sweeping valley, golf cou

From the moment you take in the outlook, it's clear what defines this home natural light, open space and a seamless connection to the landscape. With morning sun over Mt Barrow and evening lights across the river, the setting is both calming and ever-changing. - New home with stunning river, ...

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TAS 7250


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