Richmond has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of 1.29% to date .
Across a shorter period, Richmond, 5033 has seen a median price increase of -1.81% over the last quarter.
Richmond, 5033 is offering SA ‘s 76th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.
The SA suburb of Richmond, 5033 is in the West Torrens local government area.
If you compare the increase in value of investment property in Richmond, 5033 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 34.40%.
The five-year average increase in median property values for Richmond,5033 has given property investors a potential capital gain of 57.92% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Richmond is offering property investors an average of -6.23. This rate of discount on properties puts Suburb at number 57th in terms of most discounted suburbs in SA
Advertised rents are around the $320 mark per week – giving a return of 4.39% based on the median price in Suburb