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Riverview, QLD 4303

Home » QLD Real Estate Data » Ipswich City, QLD » Riverview, QLD 4303

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Riverview, QLD 4303 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Riverview, QLD 4303”

  1. The total adult population (15 years or older) of Riverview 4303 QLD is 2,401, with a median age of 37. Of those, 32.28% are married, 16.99% are divorced or separated, 43.02% are single and 7.62% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,128. The median monthly mortgage repayment for households in this suburb is $1,092 which is 21.29% of their earnings.

    Source: ABS Census Data (2021)

  2. Riverview, postcode 4303, is a suburb located in Queensland and is comprised of an approximate 1,339 households. Entering into quarter 3 of 2023, houses in Riverview are typically priced at $424,003. This is coupled with a median weekly rent of $374, which results in an attractive indicative yield of 4.59% for potential investors.

    The suburb boasts an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 790 out of 1,217. This moderate score indicates a respectable level of economic resources and access within the community, as well as suggesting the presence of skilled professions among residents.

    The renter to owner ratio in Riverview stands at 50%. This level may bring about more competition among landlords; however, it also reveals a healthy demand for rental properties which could be advantageous for property investors. Further supporting this potential is that the units make up only 1% of the housing market, suggesting a prevailing preference for houses over units in the area.

    An affordability index figure of 32 years suggests that buying property in Riverview is a long-term commitment for most residents. On the supply side, the stock on market percentage is 0.86%, implying a balanced market, neither oversupplied nor undersupplied. Similarly, with an inventory level of 3 months, the local market appears capable of absorbing current listings at a fair pace.

    Additionally, the building approvals ratio for houses is 0.16%, corroborating that this suburb’s market is not facing an influx of new house stock in the foreseeable future. Combining these data with an encouragingly low average of 4 days on the market for houses, this signifies robust demand for houses in the area.

    Finally, with a vacancy rate of just 0.6%, potential landlords would hardly struggle to find tenants, thus, further strengthening the Riverview’s appeal to property investors. Yet, the suburb’s buy search index for houses is at 4, a somewhat neutral level below the state/city average, and may be worth monitoring for signs of increasing demand.

    With a moderate IRSAD score, low supply, and high demand, coupled with a strong indicative rental yield, Riverview represents a balanced and potentially profitable opportunity for property investors with the right strategy.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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