Suburb Profile Report for North Richmond NSW (2754)

North Richmond House: Median price $786,000, Annual capital growth 7.96%, Number of sales 68, Weekly median advertised rent $470

North Richmond Unit: Median price $495,000, Annual capital growth 5.90%, Number of sales 33, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 11.06% which means that North Richmond, 2754 has done well for property investors by showing a capital gain of 16.27% over the last year

Over the longer term, North Richmond has seen property prices show investors a 51.15% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in North Richmond is giving property investors an average Vendor Discount of around -2.88%. This puts suburb at number 1099th in NSW when ranking the most discounted suburbs.

Giving property investors a a stable capital gain of 7.61% for the last year, North Richmond, 2754 is the 627th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Richmond has increased when compared to the 5 year average annual rate.

Vendor discounting in North Richmond is giving property investors an average Vendor Discount of around -1.97%. This puts suburb at number 439th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.90%, investors should hope to achieve an overall return of 4.20%

Metrics i HOUSE UNIT
$786,000 $495,000
4.17% 0.51%
16.27% 7.61%
7.96% 5.90%
$470 $400
68 33
3.11% 4.20%
57.52 35.84

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 4600
Median household income ($/weekly) 1300
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 637 13.8
    25-34 years 584 12.7
    35-44 years 638 13.9
    45-54 years 580 12.6
    55-64 years 584 12.7
    Others 1577 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1643 48.3
    Not Married 1408 41.4
    Defacto Relationship 350 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3857 87.0
    New Zealand 32 0.7
    Papua New Guinea 57 1.3
    United Kingdom 219 4.9
    Other 59 1.3
    Others 208 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.1
    Christianity 3430 80.3
    Islam 24 0.6
    Other Religious Groups 33 0.8
    No Religion 730 17.1
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 149 10.0
    $1,000-$1,249 164 11.0
    $1,250-$1,499 137 9.2
    $1,500-$1,999 225 15.1
    $2,000-$2,499 144 9.7
    Others 672 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1475 41.8
    Not in the labour force 1163 33.0
    Employed, worked part-time 653 18.5
    Employed, away from work 129 3.7
    Unemployed, looking for work 108 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 267 11.8
    Professionals 378 16.8
    Technicians & trades workers 384 17.0
    Community & personal service workers 245 10.9
    Clerical & administrative workers 327 14.5
    Others 653 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 80 7.3
    Infants/Primary 411 37.7
    Secondary 334 30.6
    Technical or Further Educational Institution 122 11.2
    University or other Tertiary Institutions 123 11.3
    Others 20 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3485 79.8
    Semi-detached, row or terrace house, townhouse 617 14.1
    Flat, unit or apartment 239 5.5
    House or flat attached to a shop, office 16 0.4
    Improvised home, tent, sleepers out 11 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 550 33.6
    Being purchased 548 33.5
    Fully owned 532 32.5
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals