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Median values are calculated based on data over a 12 month period.

Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government.
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Market Report

Richmond has 366 houses available for sale. The median property price for a house is currently 1,360,000 with annual capital growth of -5.06 . There were 303 house sales in the past 12 months. On average, houses spend 30 days on market.

If you're thinking about buying an investment property in Richmond, consider that rental yields for houses are currently 3.12 with an average median rent of 775 weekly. Houses have seen -3.89 growth in the past quarter, and -5.06 growth in the past 12 months.

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% in the area during that time. The predominant age group in Richmond is 20-29 years.

Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016.

Richmond has 532 units available for sale. The median property price for a unit is currently 642,500 with annual capital growth of 7.08 . There were 418 unit sales in the past 12 months. On average, units spend 29 days on market.

If you're thinking about buying an investment property in Richmond, consider that rental yields for units are currently 5.01 with an average median rent of 575 weekly. Units have seen -1.15 growth in the past quarter, and 7.08 growth in the past 12 months.

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% in the area during that time. The predominant age group in Richmond is 20-29 years.

Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016.

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Key Market Data House Unit
Median price 1,360,000 642,500
Quarterly growth -3.89 -1.15
12-month growth -5.06 +7.08
Average annual growth +3.01 +1.55
Weekly median rent 775 575
Gross rental yield 3.12 5.01
Number of Sales (12m) 303 418
Avg. Days on Market (12m) 30 29
Jump to Market Trends
Key Demographics 2011 2016
Total population 23,814 27,711
Population change (5y) +5.95 +16.40
Median household income (p/w) 1,725 1,971
Household income change (5y) +35.08 +14.26
Median age of persons 34 34
Jump to Demographics Trends
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