Located in Tasmania within the West Tamar local government area, Riverside is a moderately sized suburb (postcode 7250). With a population of 7,326, the suburb has an established demographic with a median age of 40. Households earn a median income of $79K 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 +0.3% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Riverside has a median house price of $635,000, which has risen solidly by 8.5% year-on-year. Units have a median price of $440,000 (-9.3% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,440.
Riverside is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 43 bus stops.
On the investment side, Gross rental yield sits at around 4.9% (moderate yield). Property prices are near the state median ($635K/$750K). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +8.5% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.