Riverlea is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 32, the suburb has an older demographic with a median age of 62. Households earn a median income of $50K per year, with an average household size of 1.8 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Riverlea is $800,000, having declined 6% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,265.
The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Riverlea offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.0x is considered stretched. House prices have moved -6.0% year-on-year.
Riverlea is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 32, the suburb has an older demographic with a median age of 62. Households earn a median income of $50K per year, with an average household size of 1.8 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Riverlea is $800,000, having declined 6% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,265.
The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Riverlea offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.0x is considered stretched. House prices have moved -6.0% year-on-year.