Suburb Profile Report for North Richmond NSW (2754)

North Richmond House: Median price $700,000, Annual capital growth 6.33%, Number of sales 94, Weekly median advertised rent $460

North Richmond Unit: Median price $511,000, Annual capital growth 5.86%, Number of sales 25, Weekly median advertised rent $400

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$700,000 $511,000
2.94% -3.58%
-3.61% -4.49%
6.33% 5.86%
$460 $400
94 25
3.42% 4.07%
102.393442622951 74.1578947368421

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 4600
Median household income ($/weekly) 1300
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 637 13.8
    25-34 years 584 12.7
    35-44 years 638 13.9
    45-54 years 580 12.6
    55-64 years 584 12.7
    Others 1577 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1643 48.3
    Not Married 1408 41.4
    Defacto Relationship 350 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3857 87.0
    New Zealand 32 0.7
    Papua New Guinea 57 1.3
    United Kingdom 219 4.9
    Other 59 1.3
    Others 208 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.1
    Christianity 3430 80.3
    Islam 24 0.6
    Other Religious Groups 33 0.8
    No Religion 730 17.1
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 149 10.0
    $1,000-$1,249 164 11.0
    $1,250-$1,499 137 9.2
    $1,500-$1,999 225 15.1
    $2,000-$2,499 144 9.7
    Others 672 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1475 41.8
    Not in the labour force 1163 33.0
    Employed, worked part-time 653 18.5
    Employed, away from work 129 3.7
    Unemployed, looking for work 108 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 267 11.8
    Professionals 378 16.8
    Technicians & trades workers 384 17.0
    Community & personal service workers 245 10.9
    Clerical & administrative workers 327 14.5
    Others 653 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 80 7.3
    Infants/Primary 411 37.7
    Secondary 334 30.6
    Technical or Further Educational Institution 122 11.2
    University or other Tertiary Institutions 123 11.3
    Others 20 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3485 79.8
    Semi-detached, row or terrace house, townhouse 617 14.1
    Flat, unit or apartment 239 5.5
    House or flat attached to a shop, office 16 0.4
    Improvised home, tent, sleepers out 11 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 550 33.6
    Being purchased 548 33.5
    Fully owned 532 32.5
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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