With a capital gain of 10.41% for the last 12 months, Richmond, 3121 has performed for property investments than its average annual 8.57% property growth over the last 5 years.
Over the longer term, Richmond has seen property prices show investors a 43.95% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Richmond, 3121. Typically our figures indicate that -5.79% is being offered, which puts this VIC suburb at 2022th most discounted overall in Australia.
Residents and property investors in Richmond have been waiting around 72.2 days to sell a property.
Richmond is 480th on a list of best yielding suburbs for rents in VIC with a 2.64% return
At number 1236th in the list of Australian suburbs ordered by increase in median house value over the last year, Richmond, 3121 is in the BOTTOM 30% with a property value increase of -1.82% recorded in median house prices.
A 2.86% growth in median value for property investors in Richmond,3121 puts this suburb at number 275th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Richmond is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in VIC
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 4.11%.