Suburb Profile Report for West Richmond SA (5033)

West Richmond House: Median price $442,200, Annual capital growth 4.54%, Number of sales 19, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report

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%.

Metrics i HOUSE UNIT
$442,200 N/A
5.92% N/A
7.85% N/A
4.54% N/A
$370 N/A
19 N/A
4.35% N/A
47 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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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