If you compare the increase in value of investment property in Richmond, 5033 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 7.83%.
Taking the average capital gain, or increase in median house value, Richmond,5033 has racked up an average of 7.83% over the period. This ranks it number 2419th in the whole country for real estate investors looking at median house price increases.
At number 280th of SA’s most discounted properties, Richmond is in the TOP 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
At number 14th in the list of Australian suburbs ordered by increase in median house value over the last year, Richmond, 5033 is in the top 10% with a property value increase of 37.87% recorded in median house prices.
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.
Richmond5033 is located in SA which offers an average discount of -6.42% to property investors. Richmond itself is showing figures that indicate -7.02% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Richmond the average time real estate has been on the market is 53.6 days.
The SA suburb of Richmond, 5033 is in the West Torrens local government area.