3/92 Norwood Rd, Rivervale is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 79m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in April 2013.
Quality investment options in Rivervale apartments
The 1 bedroom, 1 bathroom Norwood Apartments offer an investment opportunity that simply makes sense. The small development of just 9 apartments keeps strata fees to a minimum and management simple. The suburb of Rivervale sits on the doorstep of the Perth CBD and Swan River. It displays a history of consistent capital growth and strong rental yields due to easy access for residents to employment and entertainment districts. Rivervale???s amenity continually improves and these properties are designed to target the large and growing lone person and 2 person household demographic.
??? Projected gross yields assessed at 6% plus for 1 bedroom apartments.
The size of Rivervale is approximately 3.3 square kilometres. It has 15 parks covering nearly 3.2% of total area. The population of Rivervale in 2016 was 10366 people. By 2021 the population was 10897 showing a population growth of 5.1% in the area during that time. The predominant age group in Rivervale is 30-39 years. Households in Rivervale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rivervale work in a professional occupation.In 2021, 44.70% of the homes in Rivervale were owner-occupied compared with 43.80% in 2016.
Rivervale has 6,935 properties. Over the last 5 years, Houses in Rivervale have seen a 98.95% increase in median value, while Units have seen a 99.02% increase. As at 30 April 2026:
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