Giving property investors a a poor capital gain of -2.60% for the last year, Richmond, 5033 is the 3414th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Richmond,5033 has racked up an average of -2.60% over the period. This ranks it number 2358th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Richmond should be aiming for at least -6.08% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Richmond being $491875 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.23%
At number 260th in the list of Australian suburbs ordered by increase in median house value over the last year, Richmond, 5033 is in the top 20% with a property value increase of 15.96% recorded in median house prices.
Richmond,5033 was ranked 1441 in Australia by increase in median property value over the quarter.
At number 34th of SA’s most discounted properties, Richmond is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.70%, investors should hope to achieve an overall return of 4.53%