Property investors who have had real estate in Richmond, 7025 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.88%
While Richmond,7025 ranked number 182th in TAS for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
Richmond, 7025 is offering TAS ‘s 69th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this TAS.
Using the current median advertised rental of $472.5 and the average annual increase in value of a median property of 6.39%, investors should hope to achieve an overall return of 4.27%