Meander Valley Council
Riverside
Riverside at a glance
Median house
$635,000
Median unit
$440,000
Walk score
18
Very car dependent
Population
51.1k
Median age 41
The brief
What to know about Riverside.
Riverside (7250) sits in the Meander Valley region of Tasmania. The median house here is $635,000, in line with the Tasmania median of around $650K.
Riverside has roughly 51,133 residents, with a typical family-age mix. Households are dominated by renters. Daily life is car-dependent: most residents drive to work, school and the shops.
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Day to day
What it’s like to live here.
Riverside scores 18/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 7 government primary, 5 government secondary, 3 Catholic, 5 independent.
Who lives here
Demographics.
The 2021 Census put Riverside's population at 51,133, with a median age of 41. That sits as a typical family-age mix.
Population
51,133
Median age
41
Family households
–
Lone person
–
Houses change hands at $635,000 on a typical sale, in line with the Tasmania median. Units come in around $440,000, roughly 31% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $127,000. Prices are in line with the Tasmania median, so the broader state lending settings apply.
Market
The price of a home here.
Median house price
$635,000
+0.0% over the past year. Median unit price $440,000.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$285/wk
Weekly rent (unit)
$242/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$635,000
$440,000
51,133
Median age: 41
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For investors
Investment overview.
Gross rental yield on houses sits at 2.33% (median rent $285/wk against a $635,000 price tag). Units yield 2.86% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.33%
Based on $635,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.86%
Based on $440,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Getting around
Walkability.
18
0
25
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Riverside.
Local schools for Riverside
View the catchment for each school to find out more.
Government School Catchment
Riverside Primary School
Riverside High School
Trevallyn Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Riverside.
- What is the median house price in Riverside?
- The median house price in Riverside, TAS 7250 is $635,000. The median unit price is $440,000. Annual growth is +0.0%.
- What is the Riverside postcode?
- Riverside is in the 7250 postcode, in TAS, in the Meander Valley Council region.
- What is the average rent in Riverside?
- The median weekly rent for houses is $285, for units it's $242.
- What schools are in Riverside?
- There are 20 schools serving Riverside on this page, including Riverside Primary School, Riverside High School, St Anthony's Catholic School.
- How walkable is Riverside?
- Riverside has a Walk Score of 18 out of 100, highly car-dependent. transit score 0, bike score 25.
- What suburbs are near Riverside?
- Riverside is close to Trevallyn, Invermay, Mowbray Heights, Inveresk, Mowbray.
- What is the population of Riverside?
- Riverside has approximately 51,133 residents. The median age is 41.
Riverside
Guides
Surrounding Suburbs
Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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