Investment property in 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 -0.18%
While Richmond,5033 ranked number 321th in SA for increase in median house value (annualised) increase, it is ranked 223th over the last 5 years.
At number 183th of SA’s most discounted properties, Richmond is in the middle of the state/territory when listing in order of most discounted to least.
At number 979 in a list of fastest selling suburbs, Richmond is in the TOP 30% of suburbs in Australia with an average of days on market 53.6 for properties listed there.
Richmond is 198th on a list of best yielding suburbs for rents in SA with a 4.24% return
Property value increases in Richmond have tracked close to the SA average of 2.69% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Richmond has increased when compared to the 5 year average annual rate.
In the last year 11 properties changed hands in Richmond, which puts it as the 184th most active market in SA when comparing the number of sales per suburb.
Richmond, 5033’s gross rental yield is 4.53%