North Richmond is in the TOP 20% in NSW when comparing median price capital growth over the last year. North Richmond gave property investors a very good capital gain figure when compared to the rest of the state, with 20.93%.
Taking the average capital gain, or increase in median house value, North Richmond,2754 has racked up an average of 20.93% over the period. This ranks it number 531th in the whole country for real estate investors looking at median house price increases.
North Richmond2754 is located in NSW which offers an average discount of -5.28% to property investors. North Richmond itself is showing figures that indicate -2.76% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $472.5 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 3.15%
Giving property investors a an average capital gain of 5.40% for the last year, North Richmond, 2754 is the 729th highest performer in Australia in this respect.
North Richmond,2754 has offered an average of 5.40% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in North Richmond are currently offering property investors an average price cut of -1.86% below the asking price at the moment.
At number 90 in a list of fastest selling suburbs, North Richmond is in the TOP 10% of suburbs in Australia with an average of days on market 34.56 for properties listed there.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 6.01%.