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Riverhills

Real estate profile

Location

14 km south-west of the Brisbane CBD.

Features

Fully planned development with extensive services and facilities.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $312,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the December 2005 quarter was $260. The median weekly rent paid for a 2-bedroom unit in this area for the same period was not available.

Profile

Located approximately 14 kilometres south-west of the Brisbane CBD, Riverhills is an integral part of a largely successful land development that commenced in 1959 with Jindalee and includes Mt. Ommaney, Jamboree Heights, Middle Park, Westlake and Sinnamon Park. Originally known as the ‘Centenary Project’ the area is now more commonly referred to as the Centenary suburbs.

Although the majority of the original housing in Riverhills was constructed during the late 1970s and early 1980s, within the last 10 years there have been new releases of elevated land for sale behind Riverhills Road. A number of new developments, which include townhouse complexes, are proving popular.

This has enticed many new families into the suburb, dramatically increasing the suburb’s population. The subsequent construction of new up-market dwellings and demand for housing in the area is likely to increase the overall value of property in the suburb in the future.

Riverhills is a popular suburb for growing families, as the area offers a wide range of services and facilities for all family members within close vicinity.

The Centenary suburbs are promoted as a fully planned development with extensive services and facilities, including primary and high schools, the recently expanded Centenary regional shopping centre, police and fire stations and many sporting clubs, including two golf courses.

According to the 2006 Census there were 3,955 people living in the suburb with a median age of 33. The median individual income was $611 per week. Of all occupied private dwellings 69.2 per cent were either fully owned or being purchased; 25.5 per cent were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Riverhills information

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