Riverhills suburb profile
Riverhills is a peaceful residential suburb located approximately 15km southwest of Brisbane's CBD, nestled along the Brisbane River. Known for its family-friendly atmosphere, Riverhills offers a mix of spacious homes and leafy streets, making it an attractive choice for families and retirees. The suburb is well-served by local amenities, including parks, schools, and shopping centers, providing convenience and a strong sense of community. With its proximity to the Centenary Highway, Riverhills offers easy access to the city and surrounding areas, making it a desirable location for those seeking a tranquil suburban lifestyle with urban connectivity.
Riverhills property market performance
Riverhills has experienced notable growth in its property market over the past 12 months. House values have surged by 13.4%, with the median house price reaching $875,000. Similarly, unit values have increased by 12%, bringing the median unit price to $244,000. This reflects a strong demand for both property types in the area.
Sales activity has been relatively low, with 17 houses and just 2 units sold in the past 12 months. However, houses are selling quickly, with a median of 18 days on the market, while units are taking longer at 36 days, indicating a slower pace in the unit market.
The rental market in Riverhills has seen moderate growth, with house rents increasing by 3.2% and unit rents by 3.8% over the last 12 months. The average rent for houses is $640, while units average $415, suggesting steady demand for rental properties.
Median price - houses$920KPast 3 months
Median price - units$244KPast 3 months
Change in value - houses12.9%12 months
Change in value - units12.0%12 months
Houses sold11Past 3 months
Units sold2Past 3 months
Median DOM - houses22Past 12 months
Median DOM - units36.5Past 12 months
Average rent - houses$648Past 12 months
Average rent - units$415Past 12 months
Change in rent - houses4.4%Past 12 months
Change in rent - units5.1%Past 12 months
Riverhills demographics
Riverhills, located in the western suburbs of Brisbane, offers a serene and family-friendly environment. With a population of 4,121 and a median age of 36, it is a suburb that appeals to both young families and established residents. The area is characterized by its leafy streets and proximity to the Brisbane River, providing a peaceful setting while still being accessible to the city.
The suburb has a strong family presence, with 48.3% of households being couple families with children, and 34.1% being couple families without children. This indicates a community-oriented atmosphere where families can thrive. The median total household income of $2,059 per week suggests a comfortable standard of living, with many residents enjoying the benefits of suburban life while maintaining access to urban amenities.
In terms of property ownership, Riverhills shows a balanced mix. A significant portion of homes, 49.2%, are owned with a mortgage, reflecting a stable and growing community. Additionally, 25.6% of properties are owned outright, indicating long-term residents who have settled in the area. The rental market is relatively small, with 25.2% of properties being rented, which may appeal to those seeking more permanent residency. Overall, Riverhills offers a harmonious blend of community spirit, natural beauty, and suburban convenience.
Riverhills infrastructure, key developments and investment opportunities
Riverhills is experiencing steady growth and development that may impact its property market. The suburb is part of the broader Centenary suburbs area, which is seeing significant infrastructure investment from both state and local governments. A major project underway is the construction of a green bridge over the Brisbane River on Sumners Road, which will enhance connectivity and potentially increase property values in the area.
Additionally, improvements to traffic access from Riverhills to the Centenary Highway and upgrades to public transport facilities are in progress. These developments aim to address some of the suburb's transportation challenges, potentially making it more attractive to commuters. With its family-friendly atmosphere, good schools, and abundance of green spaces, Riverhills continues to appeal to a diverse range of residents, particularly families and professionals seeking a balance between suburban living and city accessibility.
Riverhills rental market trends
The rental market in Riverhills has experienced modest growth, with house rents increasing by 3.2% over the past year to $640 per week, while unit rents have risen by 3.8% to $415 per week. This steady growth reflects a stable demand in the area, making Riverhills an attractive option for both renters and investors seeking consistent returns in a suburban setting.
Suburbs near Riverhills
Some popular suburbs near Riverhills include: