Suburb Profile Report for Richmond Hill QLD (4820)

Richmond Hill House: Median price $227,500, Annual capital growth 5.91%, Number of sales 18, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report

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 19.74%

Richmond Hill,4820 has offered an average of 19.74% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Richmond Hill should be aiming for at least -17.57% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3689 in a list of fastest selling suburbs, Richmond Hill is in the bottom 10% of suburbs in Australia with an average of days on market 163.85 for properties listed there.

Richmond Hill is 62th on a list of best yielding suburbs for rents in QLD with a 6.17% return

HOUSE UNIT
$227,500 N/A
13.75% N/A
19.74% N/A
5.91% N/A
$270 N/A
18 N/A
6.17% N/A
163.85 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2775
Median household income ($/weekly) 1064
Median age of persons 36
Median housing loan repayment ($/monthly) 1408
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 473 17.0
    25-34 years 283 10.2
    35-44 years 301 10.8
    45-54 years 260 9.4
    55-64 years 347 12.5
    Others 1111 40.0
    Age Group
    Census Count Percent(%)
    Registered Married 798 50.1
    Not Married 607 38.1
    Defacto Relationship 189 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2427 93.2
    Papua New Guinea 38 1.5
    Philippines 13 0.5
    United Kingdom 49 1.9
    Other 34 1.3
    Others 43 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.4
    Christianity 1928 76.7
    Hinduism 7 0.3
    Islam 6 0.2
    No Religion 558 22.2
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 105 13.8
    $600-$799 83 10.9
    $800-$999 74 9.7
    $1,500-$1,999 96 12.6
    $2,000-$2,499 71 9.3
    Others 331 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 888 44.7
    Employed, worked full-time 672 33.8
    Employed, worked part-time 272 13.7
    Employed, away from work 87 4.4
    Unemployed, looking for work 69 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 218 21.1
    Technicians & trades workers 162 15.7
    Community & personal service workers 118 11.4
    Machinery operators & drivers 145 14.1
    Labourers 97 9.4
    Others 291 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 32 4.5
    Infants/Primary 283 39.6
    Secondary 294 41.1
    Technical or Further Educational Institution 56 7.8
    University or other Tertiary Institutions 36 5.0
    Others 14 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2057 94.1
    Flat, unit or apartment 48 2.2
    Caravan, cabin, houseboat 36 1.6
    House or flat attached to a shop, office 29 1.3
    Semi-detached, row or terrace house, townhouse 15 0.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 296 35.0
    Fully owned 293 34.6
    Being purchased 246 29.1
    Other tenure type 11 1.3
    Tenure Type
Census 2011, ABS
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