May 05, 2017
Rivervale, which was previously known as Barndon Hill up until 1884, is located approximately 5km south of the Perth city. It is roughly 5 square kilometres in size and is a part of the City of Belmont.
The population in the area demonstrates steady growth, increasing from 7,063 in 2006 to 8,399 by 2011. The predominant age group in Rivervale is 25 - 34 years, with households being primarily couples with children.
Households in Rivervale are likely to repaying between $1800 - $2400 per month on their mortgage repayments. With 46.4% of the properties in the area being owner-occupied, up 1% since 2006.
Currently, the median sales price of houses in Rivervale is $559,000. Rent prices in the area are on average approximately $370 per week.
The suburb area is home to several primary schools, shopping centres, a mall, and has 9 parks covering almost 21% of the total area. Rivervale is also located in close proximity to the Perth airport, Crown Casino and Resort in Burswood and the WACA Stadium in East Perth.
There are several developments currently being established in the area, indicating the potential growth and expected housing demand in the area.
If you would like a free RP Data report on a property in Rivervale or the surrounds, call Rebecca and the team at Mortgage Choice Perth on (08) 9485 0090.
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This suburb profile has been created using information from realestate.com.au and a suburb statistic report from CoreLogic RP Data.