North Richmond has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.61% to date .
If we look at median property appreciation over just the last three months, North Richmond has given property investors a paper return of 2.94%. This puts Suburb as 384 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for North Richmond is $700000, with sellers offering an average of -7.91% off the asking price.
On average over the past year, suburb has had 7.83 sales per month, which equates to 94 per year.
Investment property in North Richmond has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.49%
North Richmond,2754 was ranked 1414 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in North Richmond should be aiming for at least -5.40% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $400 weekly from the median priced house in this suburb.