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.