With a capital gain of 40.63% for the last 12 months, Richmond Hill, 4820 has performed for property investments than its average annual 0.55% property growth over the last 5 years.
The five-year average increase in median property values for Richmond Hill,4820 has given property investors a potential capital gain of 12.50% across each of those five years.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
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Richmond Hill, QLD – Affordable houses in Charters Towers area
Median house price: $160,000
Three-year growth: -16.9%
Rental yield: 8.6%
A suburb of the Charters Towers region, Richmond Hill was, unlike its neighbours, developed as a residential area from the start, rather than being created in response to the gold rush. Nonetheless, as an older suburb, it is home to a few heritage sites, including Thornburgh House on King Street and its footbridges.
Charters Towers City is just a short walk from Richmond Hill, bringing residents within easy access of amenities like the Charters Towers State School. There are also shops and a commercial district, and Flinders Highway is nearby via the suburb of Queenton.
Buyers on a budget will find Richmond Hill to be a good option, as houses have a median price of just $160,000.