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Riverside, TAS 7250

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 Riverside, TAS 7250 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 

2BR

3BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

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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 “Riverside, TAS 7250”

  1. The total adult population (15 years or older) of Riverside 7250 TAS is 6,030, with a median age of 40. Of those, 49.92% are married, 12.74% are divorced or separated, 31.63% are single and 5.80% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,768. The median monthly mortgage repayment for households in this suburb is $1,440 which is 18.54% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of RIVERSIDE 7250, nestled in the heartland of Tasmania, consists of a population gathered in approximately 3358 households. As we moved into the third quarter of 2023, the usual property prices for residences in the area were noted to be around $649,281. Each week, the median rent for these houses clocks in at $522. These values enable us to calculate an indicative yield of about 4.18%.

    On a socio-economic scale (IRSAD), the RIVERSIDE community garners a respectable score of 991 out of 1217. This suggests that the residents generally enjoy better socio-economic advantages, presenting them with access to good economic resources. When it comes to the housing situation, it is important to note that the renter to owner ratio is simply 25%.

    Additionally, the units to houses ratio, standing at a lower 15%, is indicative of a market that leans towards houses and fewer rental options. When it comes to affordability, the index reads a slightly higher 33 years for complete house ownership. As a rule of thumb, lower values in ‘Years to Own’ generally signal markets with high affordability among residents.

    As for the supply status, the stock on market Percentage for houses stands at a favorable 0.35%, signalling a low supply scenario. Furthermore, the inventory duration for houses averages around 1.07 months, representing a favorable low supply market. The building approvals Ratio for dwellings is noted to be 1.76%.

    Demand parameters tell a slightly different tale with the days on market for houses averaging a somewhat long 92 days. However, the vacancy rate, calculated for both houses and unit rentals, is low at 1.56% indicating a high demand. Lastly, the purchase search index for houses in the suburb is currently noted at 3, indicating a somewhat limited demand.

    While some parameters tread into unfavourable territories, the majority of factors project Riverside 7250 as a healthy investment location. It is important to continuously monitor these metrics and trends in order to make informed property investment decisions. Additionally, it’s ok for certain metrics to be in the unfavourable range as long as the overall picture remains positive. Furthermore, the Relative Composite Score (RCS) developed by HtAG Analytics is a useful tool for property investors, providing a comprehensive analysis using over 80 metrics.

    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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