Suburb Profile Report for Richmond TAS (7025)

Richmond House: Median price $425,000, Annual capital growth 3.35%, Number of sales 22, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report

Richmond has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.19% to date .

The five-year average increase in median property values for Richmond,7025 has given property investors a potential capital gain of 6.52% across each of those five years.

Our latest figures would indicate that property sellers in Richmond are currently offering property investors an average price cut of -5.32% below the asking price at the moment.

Residents and property investors in Richmond have been waiting around 88.54 days to sell a property.

Situated 18.20km from the CBD, Richmond is one of Clarence localities in the postcode 7025.

HOUSE UNIT
$425,000 N/A
1.67% N/A
1.19% N/A
3.35% N/A
$390 N/A
22 N/A
4.77% N/A
88.54 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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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