Located in New South Wales within the Canterbury-Bankstown local government area, Riverwood is a settled mid-to-large suburb (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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Chinese, Australian, English.
Median house prices in Riverwood stand at $1.6 million, having risen steeply by 14% over the last twelve months. Units have a median price of $643,000 (+1.5% YoY). The current median weekly rent is $728. This gives a gross rental yield of approximately 2.3%. 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 2,382 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 25.7x is considered stretched. House prices have moved +14.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.