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%