Investment property in Richmond has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.12%
Taking the average capital gain, or increase in median house value, Richmond,2753 has racked up an average of 10.12% over the period. This ranks it number 900th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.81% to buyers in Richmond at the moment, which is less than average for the rest of NSW.
In the last year 77 properties changed hands in Richmond, which puts it as the 422th most active market in NSW when comparing the number of sales per suburb.
NSW has seen average median house prices change by 6.96% which means that Richmond, 2753 has done well for property investors by showing a capital gain of -1.61% over the last year
Comparing Richmond,2753 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Richmond are currently offering property investors an average price cut of -4.23% below the asking price at the moment.
With the median price for a house in Richmond being $457500 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.32%