ACT/
Richardson

Suburb Profile

Richardson - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2905

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unit

Property investors have seen a -2.97% drop in RICHARDSON based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains RICHARDSON, 2905 saw average growth in the long term.

The ACT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $490,000

Profits averaged 4.65% per annum over a 3-year period, due to an upward trend in home prices in RICHARDSON, 2905.

This means, real estate investors could earn a rental income of $482.5 based on current median home prices for the suburb.

The gross rental yield in RICHARDSON, 2905 is 5.12%.

An average of 3.08 real estate transactions take place per month in RICHARDSON which translates to 37 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $490,000 $445,000
GROWTH REPORT
Median Quarterly -2.97% 0.56%
Median 12 month -2.2% N/A
Median 3 years 13.95% N/A
Median 5 years 8.32% N/A
10 years average annual 2.92% N/A
Weekly media advert. rent $482.5 $415
Time on Market 43.6 days 0.0 days
Gross Rental Yield Percent 5.12% 4.85%
demographics (median values)
Total Population
3230
Weekly Household Income
1315
Household Size
2.90
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Richardson, ACT
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