Investment property in Richmond Hill has done 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 -6.67%
Richmond Hill,4820 has offered an average of -6.67% return per annum in house price rises to property investors over the last three years.
Richmond Hill4820 is located in QLD which offers an average discount of -4.90% to property investors. Richmond Hill itself is showing figures that indicate -8.20% is the average achievable by property buyers investing in the suburb.
At number 3593 in a list of fastest selling suburbs, Richmond Hill is in the bottom 10% of suburbs in Australia with an average of days on market 103.553 for properties listed there.
Advertised rents are around the $270 mark per week – giving a return of 6.69% based on the median price in Suburb
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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.