West Richmond is in the TOP 30% in SA when comparing median price capital growth over the last year. West Richmond gave property investors a good capital gain figure when compared to the rest of the state, with 7.85%.
Across a shorter period, West Richmond, 5033 has seen a median price increase of 5.92% over the last quarter.
Our latest figures would indicate that property sellers in West Richmond are currently offering property investors an average price cut of -3.85% below the asking price at the moment.
In the last year 19 properties changed hands in West Richmond, which puts it as the 383th most active market in SA when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 4.54%.