Suburb Profile Report for Richmond NSW (2753)

Richmond House: Median price $705,000, Annual capital growth 7.72%, Number of sales 69, Weekly median advertised rent $435

Richmond Unit: Median price $497,000, Annual capital growth 7.44%, Number of sales 57, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Richmond is an average performer in NSW when comparing median price capital growth over the last year. Richmond gave property investors a average capital gain figure when compared to the rest of the state, with 11.90%.

While Richmond,2753 ranked number 418th in NSW for increase in median house value (annualised) increase, it is ranked 203th over the last 5 years.

Property investors looking for a bargain in Richmond should be aiming for at least -3.68% off the asking price, which is the average vendor discount being achieved at the moment.

A $435 per week rent on the median house gives suburb investors a gross yield of circa 3.21%, without taking into account capital value appreciation, which has been averaging out at 7.72%.

At number 600th in the list of Australian suburbs ordered by increase in median house value over the last year, Richmond, 2753 is in the top 40% with a property value increase of 8.04% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Richmond comes in at number 123th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Richmond itself are offering an average vendor discount of -3.81% to real estate investors.

Advertised rents are around the $370 mark per week – giving a return of 3.87% based on the median price in Suburb

Metrics i HOUSE UNIT
$705,000 $497,000
3.83% 8.04%
11.90% 8.04%
7.72% 7.44%
$435 $370
69 57
3.21% 3.87%
69.92 80.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Richmond NSW
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
Chart Table
Recent sales & rentals