Property investors who have had real estate in Richmond Hill, 4820 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.67%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Richmond Hill has fallen somewhat when compared to the 5 year average annual rate.
Richmond Hill, 4820 is offering QLD ‘s 17th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 5.92%, investors should hope to achieve an overall return of 6.10%