Suburb Profile Report for Richmond NSW (2753)

Richmond House: Median price $634,500, Annual capital growth 6.99%, Number of sales 76, Weekly median advertised rent $430

Richmond Unit: Median price $470,000, Annual capital growth 5.68%, Number of sales 67, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 11.72% for the last 12 months, Richmond, 2753 has performed for property investments than its average annual 6.99% property growth over the last 5 years.

Comparing Richmond,2753 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Richmond should be aiming for at least -4.31% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Richmond have been waiting around 69.41 days to sell a property.

Over the last year, property investments in Richmond, 2753 have given investors a capital gain of -1.05%. This compares badly with the 5.59% for NSW as a whole.

If we look at median property appreciation over just the last three months, Richmond has given property investors a paper return of 2.17%. This puts Suburb as 218 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Richmond is giving property investors an average Vendor Discount of around -3.97%. This puts suburb at number 278th in NSW when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

HOUSE UNIT
$634,500 $470,000
0.71% 2.17%
11.72% -1.05%
6.99% 5.68%
$430 $380
76 67
3.52% 4.20%
69.41 84.55

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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