Over the last year, property investments in Richmond, 5033 have given investors a capital gain of 2.58%. This compares averagely with the 2.82% for SA as a whole.
Comparing Richmond,5033 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 376th 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.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
With the median price for a house in Richmond being $478000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 4.19%
At number 98th 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 19.14% recorded in median house prices.
While Richmond,5033 ranked number 15th in SA for increase in median house value (annualised) increase, it is ranked 8th over the last 5 years.
Vendor discounting in Richmond is giving property investors an average Vendor Discount of around -9.09%. This puts suburb at number 14th in SA when ranking the most discounted suburbs.
Residents and property investors in Richmond have been waiting around 75.9 days to sell a property.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.