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Richmond
AREA REPORTS

Richmond

Richmond - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2753

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 0% capital gain.

It 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 $760,000

The augmented property values in the suburb are trailing above the territorial average of 14.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $460.

Home owners selling their properties and realtors in RICHMOND usually have to wait an average of 95.1 days days before their assets are lifted off the market.

The NSW suburb ranks 605th on the list of best yielding suburbs for rental properties in NSW, posting a 3.15% return.

It also places places 1211th in Australia based on median property value growth during the quarter.

Data report can be found below

Richmond
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $760,000 $480,000
GROWTH REPORT
Median Quarterly 1.33% 6.67%
Median 12 month 20.63% 1.11%
Median 3 years 0% -2.93%
Median 5 years 22.58% 2.13%
10 years average annual 7.83% 5.44%
Weekly media advert. rent $460 $395
Time on Market 95.1 days 77.2 days
Gross Rental Yield Percent 3.15% 4.28%
demographics (median values)*
Total Population
648
Weekly Household Income
1499
Household Size
3.30
Age
38
Monthly Loan Repayment
1459
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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