Riverside is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (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. The most common occupations are clerical & administrative, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Riverside is $790,000, having dropped significantly 30.5% over the past year. Units have a median price of $1.1 million. The current median weekly rent is $595. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,647.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Riverside offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($790K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -30.5% year-on-year.
Riverside is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (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. The most common occupations are clerical & administrative, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Riverside is $790,000, having dropped significantly 30.5% over the past year. Units have a median price of $1.1 million. The current median weekly rent is $595. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,647.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Riverside offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($790K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -30.5% year-on-year.