Suburb Profile Report for Richmond NSW (2753)

Richmond House: Median price $669,000, Annual capital growth 7.50%, Number of sales 77, Weekly median advertised rent $438

Richmond Unit: Median price $457,500, Annual capital growth 6.77%, Number of sales 68, 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 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%

Metrics i HOUSE UNIT
$669,000 $457,500
1.36% -2.14%
10.12% -1.61%
7.50% 6.77%
$438 $380
77 68
3.40% 4.32%
67.87 87.41

Source: CoreLogic

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