Rivervale

About Rivervale

Rivervale is a dynamic suburb located approximately 5 kilometres east of Perth’s central business district, offering a blend of residential and commercial developments that appeal to both investors and residents.​

Property Market Overview:

• Median Property Prices: The median house price in Rivervale is approximately $810,000, while units have a median price of around $495,000. ​

• Rental Market: Houses in Rivervale command a median weekly rent of $700, yielding an annual rental return of about 4.5%. Units have a median rent of $650 per week, offering a rental yield of approximately 6.8%.

• Growth Trends: Over the past year, houses in Rivervale have experienced a sales growth rate of 18.2%.

Demographics and Lifestyle:

Rivervale has a population of approximately 10,366 residents. The suburb offers a variety of amenities, including proximity to shopping centres like Belmont Forum, access to public transportation such as the Burswood Train Station and bus services to Perth CBD, and recreational facilities. ​

Investment Insights:

Rivervale’s strategic location near Perth’s CBD, coupled with its strong property value growth and attractive rental yields, makes it a promising prospect for property investors. The suburb’s diverse housing options and ongoing developments contribute to its potential for sustained growth.