Get a property report and suburb profile for any property in Riverwood

Riverwood is a delightful suburb that offers a harmonious blend of urban convenience and suburban tranquility, making it a fantastic place to call home. With its vibrant and diverse community, Riverwood exudes a welcoming atmosphere that appeals to families and individuals alike. The suburb is known for its strong community spirit, where neighbors often come together to enjoy the local parks and community events. Its proximity to essential amenities, including schools, shops, and public transport, ensures that residents have everything they need within easy reach.

Families will find Riverwood particularly appealing due to its family-friendly vibe and the variety of housing options available. From charming classic homes to modern apartments, the suburb caters to a wide range of preferences and lifestyles. The recent upgrades to Riverwood Station have further enhanced the suburb's connectivity, making commuting to the city and surrounding areas a breeze. Additionally, the ongoing revitalization of Riverwood Plaza promises to bring more shopping and dining options, adding to the suburb's lively character.

While Riverwood offers a peaceful and supportive environment, it does come with some trade-offs. The ongoing redevelopment projects, such as the Riverwood Estate renewal, may bring temporary disruptions but are expected to significantly enhance the suburb's infrastructure and amenities in the long run. This transformation is likely to increase property demand, potentially impacting affordability. However, for those who value a strong sense of community, convenient living, and the promise of future growth, Riverwood is a charming suburb that holds great potential for families and individuals seeking a balanced lifestyle.

Riverwood is a suburb that offers a mix of affordability and convenience, but when it comes to housing, it can be on the pricier side. The current median house price is $1,375,000, which is quite significant compared to some other suburbs. If you're considering renting, the average rent for houses is $720 per week, while units go for about $650 per week. These figures suggest that housing in Riverwood requires a considerable financial commitment, especially for those looking to buy a home.

When we look at the income side of things, the median total household income in Riverwood is $1,210 per week. This is lower than the average annual wage in Sydney, which stands at $108,000. The disparity between the local income levels and the housing costs indicates that living in Riverwood could be challenging for those earning the median income. While Riverwood provides a suburban lifestyle with good access to amenities and transport, the cost of housing is a key factor to consider. If you are thinking of living in Riverwood, it's important to weigh these costs against your financial situation to determine if it aligns with your budget.

Riverwood is showing promising signs as a suburb worth considering for investment. Over the past year, the median house value has increased by 10.1%, indicating strong capital growth potential. This is complemented by a 7.6% rise in median unit values, suggesting that both houses and units are in demand. Such growth in property values can be appealing to investors looking for areas with upward momentum.

In terms of rental returns, Riverwood also presents a compelling case. While house rents have seen a modest increase of 2.9%, unit rents have surged by 8.3% over the last 12 months. This significant rise in unit rents highlights a growing demand for rental properties, particularly units, which could translate to attractive rental yields for investors. The combination of rising property values and rental demand makes Riverwood an interesting option for those looking to invest in the real estate market.

Overall, Riverwood's recent performance in both property value growth and rental demand suggests it has the potential to be a solid investment choice. The suburb's ability to attract renters and buyers alike, along with its steady increase in property values, positions it as a suburb with promising investment prospects.