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Riverview Suburb Insights
VICLocation Information
Suburb Name
Riverview, VIC
Distance from CBD
12.1 kmDemographics
Population
3,354
Median Income
$51,740
Area Information
Area
1.37 km²
Population Density
2448 people/km²
Property Market
Median Price
$600,976
Annual Growth
+15.3%Property Price Trend Analysis
Current Median Price
$600,976
Annual Growth
+15.3%
Quarterly Growth
+1.5%
Price Trends - Last 6 Months
2024-01
$838,413
+5.3%2024-02
$601,478
+11.5%2024-03
$565,430
+6.2%2024-04
$1,162,494
+7.8%2024-05
$1,017,492
+7.7%2024-06
$915,559
+18.3%Property Type Price Analysis
House
Median Price
$1,042,099
Growth Rate
+6.4%Available Listings
257 properties
Apartment
Median Price
$600,004
Growth Rate
+12.3%Available Listings
417 properties
Townhouse
Median Price
$746,995
Growth Rate
+6.4%Available Listings
72 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy