Located in Tasmania within the Clarence local government area, Risdon Vale is a smaller suburb (postcode 7016). With a population of 3,171, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $62K 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 +0.4% year-on-year at the LGA level. TAS 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. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Risdon Vale is $460,000, having fallen by 3.1% over the past year. Units have a median price of $5.3 million. The current median weekly rent is $525. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,083.
Risdon Vale is served by 1 school, including 1 primary. The average ICSEA score is 875, which is well below the national average of 1,000. Public transport access includes 28 bus stops.
Looking at the investment signals, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($460K/$750K), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -3.1% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.