Investment property in Richmond has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.84%
The five-year average increase in median property values for Richmond,5033 has given property investors a potential capital gain of 20.70% across each of those five years.
Richmond, 5033 is offering SA ‘s 374th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Renters in Suburb are facing rents around $21320 per annum or $410 every week.
Over the last year, property investments in Richmond, 5033 have given investors a capital gain of 12.01%. This compares favourably with the 3.07% for SA as a whole.
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.
Richmond is 174th on a list of best yielding suburbs for rents in SA with a 3.67% return