Risdon Vale is a smaller suburb in Tasmania within the Clarence local government area (postcode 7016). With a population of 3,171, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $62K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Risdon Vale is $460,000, having declined 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.
From an investment perspective, Risdon Vale offers a gross rental yield of 5.9%, rated as high yield. Property prices sit below the state median ($460K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -3.1% year-on-year.
Risdon Vale is a smaller suburb in Tasmania within the Clarence local government area (postcode 7016). With a population of 3,171, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $62K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Risdon Vale is $460,000, having declined 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.
From an investment perspective, Risdon Vale offers a gross rental yield of 5.9%, rated as high yield. Property prices sit below the state median ($460K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -3.1% year-on-year.