Richmond has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 15.04% to date .
While Richmond,5033 ranked number 15th in SA for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
Vendor discounting in Richmond is giving property investors an average Vendor Discount of around -3.44%. This puts suburb at number 369th in SA when ranking the most discounted suburbs.
Residents and property investors in Richmond have been waiting around 52.14 days to sell a property.
Richmond, 5033’s gross rental yield is 3.85%
Over the last year, property investments in Richmond, 5033 have given investors a capital gain of -5.52%. This compares very badly with the 4.27% for SA as a whole.
Richmond,5033 was ranked 57 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Richmond is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in SA