Property investors who have had real estate in West Richmond, 5033 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.18%
Over the longer term, West Richmond has seen property prices show investors a 16.87% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that West Richmond is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 374th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in West Richmond the average time real estate has been on the market is 73.5 days.
A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 5.59%.