Located in New South Wales within the Port Macquarie-Hastings local government area, Riverside is a sparsely populated locality (postcode 2444). With a population of 298, the suburb has a mature demographic with a median age of 53. Households earn a median income of $76K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are clerical & administrative, managers, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Riverside has a median house price of $860,000, which has fallen sharply by 33.8% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,647.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,587 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.6% (moderate yield). Property prices sit below the state median ($860K/$1.5M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved -33.8% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.