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Suburb Insights ยท VIC 3401

Riverside 3401, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Riverside is a regional centre in Victoria, Australia, with a population of approximately 287, making it a boutique locality. Located approximately 269 km from the Melbourne CBD, Riverside is a regional area in Victoria. The median household income is $86,632 AUD per year (ABS 2021 Census).

Investment Score

39 / 100 Weak

Household incomes in Riverside sit in a comfortable mid-range for the Victoria market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Riverside, Victoria, Australia.

Key Indicators

Postcode
3401

Official Australia Post postcode for Riverside. A postcode may cover multiple suburbs.

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Population
287

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$280/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$86,632/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
269 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,430/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
94% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Riverside serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $280/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,430/month. The median household income of $86,632/year reflects a solid demographic, supporting sustainable rental demand. 94% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Riverside offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Rental yields in Riverside tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Riverside face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Riverside property

Full Property Analysis

30-year projections for Riverside

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Riverside may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Riverside's 2026 outlook. Investor sentiment toward Riverside is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Riverside a good suburb for investment?

Riverside is a regional area in Victoria with a population of 287. The median rent is $280/week and the median household income is $86,632/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Riverside?

Key demand drivers in Riverside include regional employment hubs, lifestyle, and affordability. 94% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Riverside?

According to the ABS 2021 Census, Riverside has a population of approximately 287. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Riverside from the Melbourne CBD?

Riverside is approximately 269 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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