A single suburb, as the publisher names it on each bond lodgement.
Population grew +0.7% over the year to 30 June 2025, against +1.5% for Australia over the same period.
Net overseas migration was the largest component of that change.
Dwelling approvals were −41.9% against the twelve months before. Approvals are permission to build, not completed dwellings.
Completions over the same period were equivalent to 82% of commencements, for Tasmania. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Achieved rents moved +14.9% over the year, against +11.1% for the middle suburb in Tasmania.
Each of these is a separate reading with its own rule and its own figures, set out under Housing Balance below. There is deliberately no single score: one number would hide which of them was doing the work.
At $540 a week, Riverside is higher than 43% of the 61 TAS suburbs we hold.
Rents there are up 14.9% over the past year, faster than Tasmania as a whole (up 11.8%).
Based on 66 new leases. Enough to be meaningful, but a single unusual quarter will move it.
Houses there rent for $590 and units for $470, so the figure above sits between two different markets.
Median of the individual bond lodgement records for the quarter, computed by APRIQ rather than by the publisher, which releases the tenancies themselves and no median of its own. Every point is computed from the records the publisher released for that quarter; nothing between them is filled in.
| Median weekly rent | $540 | our calculation · June quarter 2026 |
|---|
Every quarter the publisher reported, as figures rather than a shape. Download as CSV — a stable link you can cite, check against the publisher’s own workbook, or put in a spreadsheet.
| Quarter | Median weekly rent | Change on the quarter before |
|---|---|---|
| June quarter 2026 | $540 | -1.8% |
| March quarter 2026 | $550 | +3.8% |
| December quarter 2025 | $530 | +1.0% |
| September quarter 2025 | $525 | +11.7% |
| June quarter 2025 | $470 | +4.4% |
| March quarter 2025 | $450 | -4.3% |
| December quarter 2024 | $470 | 0.0% |
| September quarter 2024 | $470 | +4.4% |
| June quarter 2024 | $450 | +5.9% |
| March quarter 2024 | $425 | -5.6% |
| December quarter 2023 | $450 | 0.0% |
| September quarter 2023 | $450 | 0.0% |
| June quarter 2023 | $450 | 0.0% |
| March quarter 2023 | $450 | +2.3% |
| December quarter 2022 | $440 | -4.3% |
| September quarter 2022 | $460 | +2.2% |
| June quarter 2022 | $450 | +2.3% |
| March quarter 2022 | $440 | +4.8% |
| December quarter 2021 | $420 | 0.0% |
| September quarter 2021 | $420 | +10.5% |
| June quarter 2021 | $380 | +5.6% |
| March quarter 2021 | $360 | 0.0% |
| December quarter 2020 | $360 | +2.9% |
| September quarter 2020 | $350 | +11.1% |
| June quarter 2020 | $315 | -10.0% |
| March quarter 2020 | $350 | +6.1% |
| December quarter 2019 | $330 | -2.9% |
| September quarter 2019 | $340 | 0.0% |
| June quarter 2019 | $340 | +3.0% |
| March quarter 2019 | $330 | +3.1% |
| December quarter 2018 | $320 | 0.0% |
| September quarter 2018 | $320 | 0.0% |
| June quarter 2018 | $320 | +6.7% |
| December quarter 2017 | $300 | 0.0% |
| September quarter 2017 | $300 | +7.1% |
| June quarter 2017 | $280 | -9.7% |
| March quarter 2017 | $310 | +10.7% |
| December quarter 2016 | $280 | — |
The figure above blends every dwelling type the publisher reports. These are the same quarter, split the way Tasmania splits it.
| Dwelling type | Median weekly rent | One year | New leases |
|---|---|---|---|
| Houses | $590 | +20.4% | 43 |
| Units and flats | $470 | +20.5% | 22 |
| All dwellings | $540 | +14.9% | 66 |
Tasmania publishes no openly licensed sale prices at this level, so there is no yield here rather than one built on a value we would have to model.
Only New South Wales publishes rent quartiles, so the spread of rents within this market is not shown.
The suburbs either side of Riverside, ranked by the same figure in the same quarter.
| Suburb | Median rent | One year |
|---|---|---|
| South Launceston | $530 | +11.6% |
| Kings Meadows | $540 | +14.9% |
| New Norfolk | $540 | +22.7% |
| Riverside | $540 | +14.9% |
| Bellerive | $550 | +1.9% |
| Claremont | $550 | +11.1% |
| Glenorchy | $550 | +7.8% |
The Australian Bureau of Statistics publishes population and dwelling approvals by council area, not by suburb, and a suburb is not one of its statistical areas. Rather than report a neighbouring boundary’s figures as this market’s, neither is shown here.
Where housing demand is coming from, how quickly supply is being delivered, and how rents are responding. Six readings, each with the figures behind it and the rule that turned those figures into a word. None of them says a market is short of housing: that needs household formation, which APRIQ does not hold, and is not estimated here.
The Australian Bureau of Statistics does not publish population for suburbs. What is shown is the figure for Riverside, the statistical area containing Riverside — it describes that wider area, not this suburb.
Weak
How fast the population is growing, against the national rate.
| Population growth, Riverside | +0.7% | the year to 30 June 2025 |
|---|---|---|
| Population growth, Australia | +1.5% | the year to 30 June 2025 |
Strong when growth is at least half a percentage point above the national rate, weak when at least half a point below, moderate in between. Population is one ABS instrument measured the same way everywhere, so a market compares to Australia.
Net overseas migration
Which component moved the population most over the latest year the ABS splits it.
| Natural increase, Riverside | +5 | the year to 30 June 2025 |
|---|---|---|
| Net internal migration, Riverside | +24 | the year to 30 June 2025 |
| Net overseas migration, Riverside | +26 | the year to 30 June 2025 |
The largest of natural increase, net internal migration and net overseas migration by absolute size, so a large outflow is named rather than hidden inside a net total. This states which component was largest. It says nothing about why anyone moved.
Contracting
Whether dwelling approvals are running above or below the year before.
| Dwellings approved, Riverside | 25 | June quarter 2026 |
|---|---|---|
| The twelve months before, Riverside | 43 | a year earlier |
| Change on the year before, Riverside | −41.9% | June quarter 2026 |
Expanding above +10%, contracting below −10%, stable in between, comparing twelve months of approvals against the twelve before them. An approval is permission to build, not a dwelling. Where a market is smaller than the areas the Australian Bureau of Statistics counts approvals for, this is a blend of those areas' own changes, weighted by how much of each the market covers — not a count of approvals here.
Moderate
How much housing is being finished, against how much is being started.
| Dwellings completed, Tasmania | 494 | March quarter 2026 |
|---|---|---|
| Dwellings started, Tasmania | 605 | March quarter 2026 |
| Completions as a share of commencements | 82% | March quarter 2026 |
Strong at or above 95% of commencements, weak below 80%, moderate in between, over the same twelve months. Completions during the period compared with commencements during the period — these figures compare pipeline flows and do not track individual approved dwellings through construction.
High
How fast achieved rents are rising, against the rest of the state.
| Rent change over a year, Riverside | +14.9% | June quarter 2026 |
|---|---|---|
| Rent change over a year, the middle suburb in Tasmania | +11.1% | June quarter 2026 |
High when rents rose at least one percentage point faster than the state, low when at least a point slower, moderate in between. Compared against the state rather than the nation because each bond authority defines its own series: changes compare, levels do not.
Limited
How much of this market's picture was measured for this market.
| Demand evidence | measured for a larger area containing this market | how it was made |
|---|---|---|
| Components present | 5 of 5 | on this page |
High where the demand evidence was published for this geography and most components are present; moderate where it was derived through an official ABS correspondence; limited where it describes a larger area containing this market, or where components are missing.
Four separate readings, each with the figures behind it and the rule that turned those figures into words. There is deliberately no single score: one number would hide which of these was doing the work, and a market with strong rental evidence and no population figure would score as though it had both. Every signal describes what has been measured — none of them is advice, and none says what will happen next.
Rising faster than most of Tasmania
How rents here moved over a year, against the typical suburb in Tasmania.
| Rent change over a year here | +14.9% | June quarter 2026 against a year earlier |
|---|---|---|
| The middle suburb in Tasmania | +11.1% | June quarter 2026 against a year earlier |
| Difference | +3.8 percentage points | June quarter 2026 against a year earlier |
| Markets in the comparison | 61 | June quarter 2026 against a year earlier |
The difference between this market’s one-year rent change and the middle change across every suburb the same publisher reports, in percentage points: 3 or more above is well above, 1 above is above, within 1 either way is in line. Changes are compared within one state because each bond authority defines its own series — movement may be compared between them, the rent itself may not.
Not enough evidence
How fast the population here is changing, against how fast Australia is changing.
No population estimate is published for this market at a geography the ABS uses.
Not enough evidence
How many dwellings this market approved over twelve months for every thousand residents, against the national rate. Approvals are permission to build, not completed dwellings.
Dwelling approvals are published by council area, and this market is not one.
Adequate
How much weight the figures on this page can carry.
| New leases behind the current figure | 66 | June quarter 2026 |
|---|---|---|
| Quarters of history | 38 | to June quarter 2026 |
| How current | The latest quarter published anywhere | June quarter 2026 |
| Origin | Computed by APRIQ from the publisher’s own records | June quarter 2026 |
| Knowability | Dated by the publisher’s own release timing | June quarter 2026 |
Strong needs 200 or more new leases behind the current figure, the most recent quarter published anywhere, and eight or more quarters of history. Adequate needs 50 leases and no more than one quarter behind. A withheld count cannot earn better than thin, because a suppressed number is unknown rather than small.
The latest figures here are for June quarter 2026, which ended 30 June 2026. The next is September quarter 2026, ending 30 September 2026; it appears here once the publisher releases it, and we do not predict that date.
The rent figures here are published by Tasmanian Department of Justice and used under an open licence. Any other figure on this page names its own publisher on the line it appears on. Tasmania publishes the bond lodgements themselves rather than any median, so every rent figure here was computed by APRIQ from those records and the count it rests on is beside it. APRIQ models and estimates nothing: where a figure is a publisher’s own estimate — an estimated resident population is one — it is called an estimate where it is shown. Growth is measured between named quarters, never by counting back rows, because an area is published only when it clears the publisher’s reporting threshold. This page exists because Riverside has 66 bonds behind its current figure and 38 quarters of history; markets with less than that get no page rather than a thin one. Method, sources and licences.