Investment property in Richardson has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.49%
Richardson,2905 has offered an average of 5.49% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Richardson should be aiming for at least -3.26% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.29%.