Located in Queensland within the Logan local government area, Riverbend is a small locality (postcode 4280). With a population of 661, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $122K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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 technicians & trades, clerical & administrative, professionals. Employment in the area leans toward construction and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in Riverbend sit at $1.0 million, little changed on a year ago. The median weekly rent is $445 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,210.
The crime rate in the Logan LGA is moderate at 7,987 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($1.0M/$1.1M). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.