5 Bannerman St, Riverview is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 640m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in January 2019.
This property would suit either an investor looking for a property with a tenant already in place; or, an owner occupier that is looking for an entry level property, with a few extras you do not often find in this price range. Yes, you can probably find some putty and paint work that needs doing; but, at this price the property represents great value.
For the investor, the current tenant, who has been at the property for approximately 8 years, is on a periodic lease paying $225 per week. He has indicated that if the property is sold to an investor that he may be interested in staying on.
For the Owner Occupier this property provides a great opportunity for a young family that would enjoy the benefits of the pool and the shed, things rarely seen in this price range. For those with young children the Local Primary & Pre School is at the end of the street, approximately a 500 m walk.
The size of Riverview is approximately 7.8 square kilometres. It has 9 parks covering nearly 1.5% of total area. The population of Riverview in 2016 was 3073 people. By 2021 the population was 3067 showing a population decline of 0.2% in the area during that time. The predominant age group in Riverview is 10-19 years. Households in Riverview are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverview work in a labourer occupation.In 2021, 47.20% of the homes in Riverview were owner-occupied compared with 43.40% in 2016.
Riverview has 1,288 properties. Over the last 5 years, Houses in Riverview have seen a 191.37% increase in median value, while Units have seen a 198.30% increase. As at 31 January 2026:
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