Suburb Profile Report for Richmond NSW (2753)

Richmond House: Median price $630,000, Annual capital growth 6.75%, Number of sales 65, Weekly median advertised rent $435

Richmond Unit: Median price $462,500, Annual capital growth 5.91%, Number of sales 76, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Richmond has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.31%

Richmond,2753 has offered an average of 18.31% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Richmond, 2753. Typically our figures indicate that -4.65% is being offered, which puts this NSW suburb at 2835th most discounted overall in Australia.

With a capital gain of -2.63% for the last 12 months, Richmond, 2753 has performed for property investments than its average annual 5.91% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Richmond comes in at number 132th in NSW.

LACK OF BUYER INTEREST may well be the reason that Richmond is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 307th in terms of most discounted suburbs in NSW

Richmond, 2753’s gross rental yield is 4.27%

HOUSE UNIT
$630,000 $462,500
3.70% -2.12%
18.31% -2.63%
6.75% 5.91%
$435 $380
65 76
3.59% 4.27%
64.62 69.47

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5273
Median household income ($/weekly) 950
Median age of persons 40
Median housing loan repayment ($/monthly) 1800
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 594 11.3
    25-34 years 759 14.4
    35-44 years 572 10.8
    45-54 years 610 11.6
    55-64 years 539 10.2
    Others 2199 41.7
    Age Group
    Census Count Percent(%)
    Not Married 1921 54.0
    Registered Married 1288 36.2
    Defacto Relationship 349 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4120 83.3
    New Zealand 38 0.8
    Papua New Guinea 74 1.5
    United Kingdom 282 5.7
    Other 106 2.1
    Others 326 6.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 0.9
    Christianity 3761 78.5
    Hinduism 29 0.6
    Other Religious Groups 25 0.5
    No Religion 908 19.0
    Others 24 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 226 12.2
    $400-$599 246 13.2
    $600-$799 193 10.4
    $1,000-$1,249 190 10.2
    $1,500-$1,999 190 10.2
    Others 814 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1732 40.2
    Employed, worked full-time 1654 38.4
    Employed, worked part-time 644 14.9
    Unemployed, looking for work 149 3.5
    Employed, away from work 133 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 406 16.7
    Technicians & trades workers 477 19.6
    Community & personal service workers 303 12.5
    Clerical & administrative workers 343 14.1
    Sales 224 9.2
    Others 675 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 84 8.3
    Infants/Primary 266 26.2
    Secondary 223 22.0
    Technical or Further Educational Institution 127 12.5
    University or other Tertiary Institutions 281 27.7
    Others 34 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2731 63.3
    Semi-detached, row or terrace house, townhouse 1111 25.8
    Flat, unit or apartment 431 10.0
    House or flat attached to a shop, office 38 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 892 44.9
    Fully owned 600 30.2
    Being purchased 479 24.1
    Other tenure type 17 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals