Suburb Profile Report for Richmond TAS (7025)

Richmond House: Median price $400,000, Annual capital growth 3.06%, Number of sales 21, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report

With a capital gain of -4.31% for the last 12 months, Richmond, 7025 has performed for property investments than its average annual 3.06% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Richmond,7025 has racked up an average of -4.31% over the period. This ranks it number 3651th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Richmond 7025 should be seeing an average reduction in asking price of around -6.39% . This means that Richmond is holding prices well when compared to other suburbs in TAS.

Property investors should expect to get $395 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$400,000 N/A
-0.37% N/A
-4.31% N/A
3.06% N/A
$395 N/A
21 N/A
5.14% N/A
106.85 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 1609
Median household income ($/weekly) 1267
Median age of persons 43
Median housing loan repayment ($/monthly) 1300
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 219 13.6
    35-44 years 248 15.4
    45-54 years 251 15.6
    55-64 years 230 14.3
    65-74 years 170 10.6
    Others 492 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 728 60.8
    Not Married 368 30.7
    Defacto Relationship 101 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1345 86.2
    New Zealand 14 0.9
    Papua New Guinea 23 1.5
    United Kingdom 106 6.8
    Other 34 2.2
    Others 39 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1050 69.5
    No Religion 433 28.7
    Other Religious Groups 17 1.1
    Buddhism 10 0.7
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 49 9.5
    $1,000-$1,249 59 11.4
    $1,500-$1,999 80 15.5
    $2,000-$2,499 50 9.7
    $2,500-$2,999 50 9.7
    Others 228 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 451 35.7
    Not in the labour force 441 34.9
    Employed, worked part-time 289 22.9
    Employed, away from work 59 4.7
    Unemployed, looking for work 22 1.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 123 15.4
    Professionals 147 18.4
    Technicians & trades workers 116 14.5
    Community & personal service workers 85 10.6
    Clerical & administrative workers 124 15.5
    Others 204 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 16 4.3
    Infants/Primary 151 40.4
    Secondary 115 30.7
    Technical or Further Educational Institution 41 11.0
    University or other Tertiary Institutions 39 10.4
    Others 12 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1471 96.7
    House or flat attached to a shop, office 23 1.5
    Caravan, cabin, houseboat 14 0.9
    Flat, unit or apartment 10 0.7
    Semi-detached, row or terrace house, townhouse 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 242 43.2
    Being purchased 225 40.2
    Rented 90 16.1
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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