Suburb Profile Report for West Richmond SA (5033)

West Richmond House: Median price $440,000, Annual capital growth 5.48%, Number of sales 18, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in West Richmond, 5033 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 11.39%.

If we look at median property appreciation over just the last three months, West Richmond has given property investors a paper return of 1.15%. This puts Suburb as 187 on a list of fastest fasting appreciating suburbs in SA

Sellers are offering property buyers an average discount of -2.57% to buyers in West Richmond at the moment, which is less than average for the rest of SA.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

HOUSE UNIT
$440,000 N/A
1.15% N/A
11.39% N/A
5.48% N/A
$370 N/A
18 N/A
4.37% N/A
51.78 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 922
Median household income ($/weekly) 1011
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 94 10.2
    20-24 years 84 9.1
    25-34 years 161 17.4
    35-44 years 138 15.0
    45-54 years 132 14.3
    Others 314 34.0
    Age Group
    Census Count Percent(%)
    Not Married 370 51.1
    Registered Married 285 39.4
    Defacto Relationship 69 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 594 67.7
    Croatia 24 2.7
    Hong Kong 39 4.4
    United Kingdom 38 4.3
    Other 47 5.4
    Others 136 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 4.7
    Christianity 517 60.6
    Islam 29 3.4
    Other Religious Groups 25 2.9
    No Religion 235 27.5
    Others 7 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 13.0
    $600-$799 36 10.6
    $800-$999 43 12.7
    $1,000-$1,249 47 13.9
    $1,250-$1,499 34 10.0
    Others 135 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 271 36.8
    Not in the labour force 267 36.3
    Employed, worked part-time 151 20.5
    Employed, away from work 24 3.3
    Unemployed, looking for work 23 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 78 17.3
    Technicians & trades workers 73 16.2
    Community & personal service workers 58 12.9
    Clerical & administrative workers 69 15.3
    Labourers 55 12.2
    Others 117 26.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 70 38.0
    Secondary 29 15.8
    Technical or Further Educational Institution 20 10.9
    University or other Tertiary Institutions 40 21.7
    Other type of educational institution 17 9.2
    Others 8 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 747 84.9
    Semi-detached, row or terrace house, townhouse 95 10.8
    Flat, unit or apartment 38 4.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 134 36.4
    Rented 125 34.0
    Fully owned 103 28.0
    Other tenure type 6 1.6
    Tenure Type
Census 2011, ABS
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