Suburb Profile Report for North Richmond NSW (2754)

North Richmond House: Median price $780,000, Annual capital growth 7.95%, Number of sales 72, Weekly median advertised rent $473

North Richmond Unit: Median price $497,500, Annual capital growth 6.01%, Number of sales 35, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$780,000 $497,500
14.29% 3.43%
20.93% 5.40%
7.95% 6.01%
$473 $400
72 35
3.15% 4.18%
52.18 34.56

Source: CoreLogic

DSR Score for property investment : Above average (H), 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
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Recent sales & rentals