TAS has seen average median house prices change by 3.19% which means that Richmond, 7025 has done well for property investors by showing a capital gain of 0.48% over the last year
While Richmond,7025 ranked number 25th in TAS for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.
Property investors looking for a bargain in Richmond should be aiming for at least -4.40% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.