Rivervale is an inner-city suburb, receiving a lot of attention. This diverse suburb appeals to all ages because of its proximity to Perth’s major attractions including the airport, the City, Optus stadium and the casino. City of Belmont’s parks are second to none and the river walks, and views are unmatched.
Rivervale is just 5 kilometres from the Perth CBD, making it an easy trip to and from work either by car, bus, or bike. It’s hard to stroll through this suburb without meeting a friendly face, and the sense of community is strong. There are two fantastic primary schools and plenty of local sporting clubs making it a family friendly, outdoorsy suburb.
When it comes to the property market in this beautiful suburb, the area is dominated by free-standing houses. Second to that come apartments, with a close third being duplexes or townhouses. The rental market is thriving in this area, with more than half of the properties in this suburb being rented. A relatively small proportion of these homes are currently owned, with an increasing number in the process of being purchased. The average property price sits at $618,750 and the area has seen a whopping 12.5% annual growth rate in the property standings in the last year.
With a population of just over ten thousand, this area has seen significant growth in recent years. The highest proportion of residents in Rivervale sits within the 25 – 40-year-old range, with a noticeable shift to a more youthful property market in the last 2 years.
There’s no doubt that Rivervale is one of the new hotspots in the Perth suburban playing field. This suburb has gone through a period of rapid transformation over recent years and is the perfect place for both renters and home buyers alike. From young professionals and families to single people or retirees, Rivervale has something for everyone.
As Rivervale’s resident real estate professionals, we know all there is to know about this beautiful suburb. If you like the sound of the area, please get in touch with our Rivervale property expert, Steven Webster, today to find out what we’ve got to offer you in this diverse and up-and-coming neighbourhood.