Riverview (postcode 4303) is a compact suburb in Queensland within the Ipswich local government area. With a population of 3,067, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $57K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% 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 labourers, machinery operators & drivers, community & personal service. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Riverview is $521,000, having risen steeply by 30.3% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,092.
Riverview is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 928, which is below the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops. The crime rate in the Ipswich LGA is moderate at 6,631 incidents per 100,000 population.
From an investment perspective, Riverview shows a gross rental yield of approximately 5.5%, rated as high yield. Property prices sit below the state median ($521K/$1.1M), which can point to relative value. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +30.3% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.