Riverside is a mid-sized suburb in Tasmania within the West Tamar local government area (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. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Riverside is $635,000, having grown strongly 8.5% over the past year. Units have a median price of $440,000 (-9.3% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 4.4%. 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.
From an investment perspective, Riverside offers a gross rental yield of 4.4%, rated as 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.
Riverside is a mid-sized suburb in Tasmania within the West Tamar local government area (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. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Riverside is $635,000, having grown strongly 8.5% over the past year. Units have a median price of $440,000 (-9.3% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 4.4%. 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.
From an investment perspective, Riverside offers a gross rental yield of 4.4%, rated as 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.