Richmond is in the TOP 30% in NSW when comparing median price capital growth over the last year. Richmond gave property investors a good capital gain figure when compared to the rest of the state, with 13.53%.
Across a shorter period, Richmond, 2753 has seen a median price increase of 2.00% over the last quarter.
Property buyers and investors in Richmond 2753 should be seeing an average reduction in asking price of around -4.15% . This means that Richmond is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $437.5 mark per week – giving a return of 3.43% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -3.16% for the last year, Richmond, 2753 is the 1306th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Richmond has increased when compared to the 5 year average annual rate.
At number 229th of NSW’s most discounted properties, Richmond is in the middle of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $367.5 weekly from the median priced house in this suburb.