Suburb Profile Report for Richmond QLD (4740)

Richmond House: Median price $733,000, Annual capital growth 9.17%, Number of sales 21, Weekly median advertised rent N/A

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in Richmond, 4740 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.24%.

Vendor discounting in Richmond is giving property investors an average Vendor Discount of around -4.16%. This puts suburb at number 476th in QLD when ranking the most discounted suburbs.

At number 3166 in a list of fastest selling suburbs, Richmond is in the bottom 20% of suburbs in Australia with an average of days on market 82.2667 for properties listed there.

Metrics i HOUSE UNIT
$733,000 N/A
6.23% N/A
9.24% N/A
9.17% N/A
N/A N/A
21 N/A
N/A N/A
82.2666666666667 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 505
Median household income ($/weekly) 2596
Median age of persons 38
Median housing loan repayment ($/monthly) 2167
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 94 18.6
    15-19 years 48 9.5
    35-44 years 75 14.9
    45-54 years 101 20.0
    55-64 years 56 11.1
    Others 131 25.9
    Age Group
    Census Count Percent(%)
    Registered Married 213 63.8
    Not Married 105 31.4
    Defacto Relationship 16 4.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 436 89.9
    Indonesia 4 0.8
    South Africa 9 1.9
    United Kingdom 15 3.1
    Other 7 1.4
    Others 14 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 3 0.6
    Christianity 426 90.6
    Hinduism 3 0.6
    Judaism 3 0.6
    No Religion 32 6.8
    Others 3 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 16 13.4
    $2,000-$2,499 17 14.3
    $2,500-$2,999 10 8.4
    $3,000-$3,499 21 17.6
    $4,000 or more 16 13.4
    Others 39 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 171 46.6
    Employed, worked part-time 90 24.5
    Not in the labour force 76 20.7
    Employed, away from work 18 4.9
    Unemployed, looking for work 12 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 59 20.9
    Professionals 42 14.9
    Technicians & trades workers 53 18.8
    Clerical & administrative workers 39 13.8
    Sales 29 10.3
    Others 60 21.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 66 44.9
    Secondary 50 34.0
    Technical or Further Educational Institution 12 8.2
    University or other Tertiary Institutions 9 6.1
    Other type of educational institution 7 4.8
    Others 3 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 474 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 66 46.5
    Being purchased 62 43.7
    Rented 14 9.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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