If you compare the increase in value of investment property in Richmond, 3121 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.99%.
Across a shorter period, Richmond, 3121 has seen a median price increase of 0.82% over the last quarter.
Richmond, 3121 is offering VIC ‘s 458th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Advertised rents are around the $650 mark per week – giving a return of 2.75% based on the median price in Suburb
Richmond has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.45% to date .
While Richmond,3121 ranked number 114th in VIC for increase in median house value (annualised) increase, it is ranked 276th over the last 5 years.
At number 146th of VIC’s most discounted properties, Richmond is in the middle of the state/territory when listing in order of most discounted to least.
Richmond, 3121’s gross rental yield is 4.16%