Richmond Hill4820 is located in QLD which offers an average discount of -7.01% to property investors. Richmond Hill itself is showing figures that indicate -8.32% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Richmond Hill the average time real estate has been on the market is 108.364 days.
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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.