Suburb Profile Report for Richmond NSW (2753)

Richmond House: Median price $655,000, Annual capital growth 7.27%, Number of sales 69, Weekly median advertised rent $435

Richmond Unit: Median price $467,500, Annual capital growth 5.78%, Number of sales 69, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 14.61% for the last 12 months, Richmond, 2753 has performed for property investments than its average annual 7.27% 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 580th in NSW.

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 -3.61% is being offered, which puts this NSW suburb at 3386th most discounted overall in Australia.

Often selling an investment property can take time, and in Richmond the average time real estate has been on the market is 67.56 days.

A $435 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 7.27%.

Giving property investors a an unimpressive capital gain of -1.58% for the last year, Richmond, 2753 is the 1243th highest performer in Australia in this respect.

Across a shorter period, Richmond, 2753 has seen a median price increase of -0.53% over the last quarter.

Richmond2753 is located in NSW which offers an average discount of -4.41% to property investors. Richmond itself is showing figures that indicate -3.97% is the average achievable by property buyers investing in the suburb.

Metrics i HOUSE UNIT
$655,000 $467,500
1.63% -0.53%
14.61% -1.58%
7.27% 5.78%
$435 $365
69 69
3.45% 4.06%
67.56 82.59

Source: CoreLogic

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