Suburb Profile Report for Richmond SA (5033)

Richmond House: Median price $486,875, Annual capital growth 4.11%, Number of sales 44, Weekly median advertised rent $393

Richmond Unit: Median price $390,000, Annual capital growth 5.94%, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Richmond have tracked just higher than the SA average of 3.22% over the last 12 months.

Richmond,5033 has offered an average of 6.77% return per annum in house price rises to property investors over the last three years.

The most recent median price for Richmond is $486875, with sellers offering an average of -6.77% off the asking price.

At number 568 in a list of fastest selling suburbs, Richmond is in the TOP 20% of suburbs in Australia with an average of days on market 48.54 for properties listed there.

With the median price for a house in Richmond being $486875 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 4.19%

Over the last year, property investments in Richmond, 5033 have given investors a capital gain of 38.30%. This compares very favourably with the 3.99% for SA as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Richmond has increased when compared to the 5 year average annual rate.

Property buyers and investors in Richmond 5033 should be seeing an average reduction in asking price of around -6.59% . This means that Richmond is holding prices well when compared to other suburbs in SA.

Metrics i HOUSE UNIT
$486,875 $390,000
0.65% 7.59%
6.77% 38.30%
4.11% 5.94%
$393 $320
44 16
4.19% 4.27%
48.54 60.69

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3071
Median household income ($/weekly) 996
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 299 9.7
    25-34 years 582 19.0
    35-44 years 431 14.0
    45-54 years 367 12.0
    55-64 years 292 9.5
    Others 1100 35.8
    Age Group
    Census Count Percent(%)
    Not Married 1339 54.3
    Registered Married 907 36.8
    Defacto Relationship 221 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1965 67.7
    Croatia 107 3.7
    Hong Kong 102 3.5
    United Kingdom 97 3.3
    Other 166 5.7
    Others 467 16.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 104 3.7
    Christianity 1737 62.1
    Hinduism 36 1.3
    Islam 86 3.1
    No Religion 804 28.8
    Others 28 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 123 10.0
    $600-$799 131 10.7
    $800-$999 146 11.9
    $1,000-$1,249 151 12.3
    $1,500-$1,999 148 12.0
    Others 530 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 958 38.2
    Not in the labour force 860 34.3
    Employed, worked part-time 496 19.8
    Unemployed, looking for work 102 4.1
    Employed, away from work 91 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 323 20.9
    Technicians & trades workers 198 12.8
    Community & personal service workers 169 11.0
    Clerical & administrative workers 270 17.5
    Sales 167 10.8
    Others 416 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 41 6.0
    Infants/Primary 206 30.0
    Secondary 130 18.9
    Technical or Further Educational Institution 80 11.6
    University or other Tertiary Institutions 201 29.3
    Others 29 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2070 70.3
    Semi-detached, row or terrace house, townhouse 446 15.1
    Flat, unit or apartment 424 14.4
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 556 42.8
    Fully owned 374 28.8
    Being purchased 370 28.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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