Riverwood is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2210). With a population of 12,793, the suburb has an established demographic with a median age of 40. Households earn a median income of $63K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Chinese, Australian, English.
The median house price in Riverwood is $1.9 million, having surged 34.5% over the past year. Units have a median price of $790,000 (+23.4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,167.
Riverwood is served by 4 schools, including 4 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 70 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Riverwood offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 31.0x is considered stretched. House prices have moved +34.5% year-on-year.
Riverwood is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2210). With a population of 12,793, the suburb has an established demographic with a median age of 40. Households earn a median income of $63K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Chinese, Australian, English.
The median house price in Riverwood is $1.9 million, having surged 34.5% over the past year. Units have a median price of $790,000 (+23.4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,167.
Riverwood is served by 4 schools, including 4 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 70 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Riverwood offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 31.0x is considered stretched. House prices have moved +34.5% year-on-year.