Suburb Profile Report for Richlands QLD (4077)

Richlands House: Median price $470,000, Annual capital growth 5.01%, Number of sales 30, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report

With a capital gain of 0.53% for the last 12 months, Richlands, 4077 has performed for property investments than its average annual 5.01% property growth over the last 5 years.

Comparing Richlands,4077 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Richlands is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 425th in terms of most discounted suburbs in QLD

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.65%, without taking into account capital value appreciation, which has been averaging out at 5.01%.

Metrics i HOUSE UNIT
$470,000 N/A
-0.11% N/A
0.53% N/A
5.01% N/A
$420 N/A
30 N/A
4.65% N/A
68.65 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 2077
Median household income ($/weekly) 1275
Median age of persons 29
Median housing loan repayment ($/monthly) 2048
Average household size 3
  • Census Count Percent(%)
    5-14 years 312 15.0
    20-24 years 219 10.5
    25-34 years 376 18.1
    35-44 years 290 14.0
    45-54 years 271 13.0
    Others 609 29.3
    Age Group
    Census Count Percent(%)
    Not Married 692 46.7
    Registered Married 622 41.9
    Defacto Relationship 169 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1095 55.4
    Papua New Guinea 184 9.3
    United Kingdom 61 3.1
    Viet Nam 212 10.7
    Other 169 8.6
    Others 254 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 213 11.2
    Christianity 1122 58.7
    Hinduism 40 2.1
    Islam 103 5.4
    No Religion 404 21.2
    Others 28 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 60 10.1
    $1,000-$1,249 84 14.1
    $1,250-$1,499 59 9.9
    $1,500-$1,999 85 14.2
    $2,000-$2,499 70 11.7
    Others 239 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 661 43.4
    Not in the labour force 451 29.6
    Employed, worked part-time 265 17.4
    Unemployed, looking for work 79 5.2
    Employed, away from work 66 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 163 16.4
    Technicians & trades workers 122 12.3
    Clerical & administrative workers 146 14.7
    Machinery operators & drivers 122 12.3
    Labourers 133 13.4
    Others 309 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 28 5.3
    Infants/Primary 196 37.0
    Secondary 135 25.5
    Technical or Further Educational Institution 50 9.4
    University or other Tertiary Institutions 103 19.4
    Others 18 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1423 71.9
    Semi-detached, row or terrace house, townhouse 479 24.2
    Flat, unit or apartment 76 3.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 360 55.7
    Being purchased 172 26.6
    Fully owned 114 17.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals