Suburb Profile Report for Richmond SA (5033)

Richmond House: Median price $482,375, Annual capital growth 4.59%, Number of sales 53, Weekly median advertised rent $385

Richmond Unit: Median price $350,000, Annual capital growth 9.52%, Number of sales 22, 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 close to the SA average of 2.92% over the last 12 months.

Richmond,5033 was ranked 2158 in Australia by increase in median property value over the quarter.

At number 381th of SA’s most discounted properties, Richmond is in the TOP 10% of the state/territory when listing in order of most discounted to least.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 4.15%, without taking into account capital value appreciation, which has been averaging out at 4.59%.

Investment property in Richmond has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 27.97%

Taking the average capital gain, or increase in median house value, Richmond,5033 has racked up an average of 27.97% over the period. This ranks it number 1181th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Richmond 5033 should be seeing an average reduction in asking price of around -9.16% . This means that Richmond is holding prices well when compared to other suburbs in SA.

In the last year 22 properties changed hands in Richmond, which puts it as the 87th most active market in SA when comparing the number of sales per suburb.

With the median price for a house in Richmond being $350000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.75%

Metrics i HOUSE UNIT
$482,375 $350,000
0.92% 19.86%
4.86% 27.97%
4.59% 9.52%
$385 $320
53 22
4.15% 4.75%
46.65 74.42

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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