All About Riverside, Port Macquarie-Hastings, NSW, 2444

Riverside, located in the Port Macquarie-Hastings region of New South Wales, offers a unique blend of natural beauty and comfortable suburban living, making it an attractive locale for homebuyers and residents alike. The housing market in Riverside has seen consistent interest owing to its appealing mix of affordability and lifestyle benefits, especially when compared to larger metropolitan areas. Property types in this area typically range from spacious family homes to modern apartments, with many residences offering scenic views of the nearby Hastings River and lush, green surroundings. As a result, the area attracts both families and retirees looking for a tranquil setting with a community-oriented atmosphere.

Living in Riverside allows residents to enjoy a relaxed lifestyle, enriched by a range of outdoor activities and local amenities. With Port Macquarie just a short drive away, there is convenient access to shopping, dining, and entertainment options. The community itself is known for its friendly and inclusive nature, fostering a sense of belonging among its residents. Riverside also benefits from proximity to various parks, walking trails, and waterfront areas that are ideal for recreational activities like fishing, kayaking, and picnicking. Overall, the combination of natural beauty, community spirit, and practical amenities makes Riverside a highly desirable place to call home.

Riverside Real Estate Market Outlook

Thinking about buying in Riverside? Now could not be a better time, with just 192 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,217,000 with prices in this suburb ranging from $273,000 to $2,808,000. Riverside is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Riverside due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Riverside provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Riverside to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Riverside we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Riverside a better buying opportunity than it may have been in the past.

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General Points of Interest

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