Richmond

POSTAL CODE: NSW, 2753

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 16.47% 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 $990,000

The augmented property values in the suburb are trailing behind the territorial average of 6.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in RICHMOND usually have to wait an average of 69.8 days days before their assets are lifted off the market.

The NSW suburb ranks 481st on the list of best yielding suburbs for rental properties in NSW, posting a 3.41% return.

It also places places 731st in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that RICHMOND, 2753 obtained a 4.08% growth over a ten-year period. It ranks 1091st on our list of suburbs that property investors should look into.

RICHMOND, 2753 has a capital gain of -1.61% for the past year, which is lower than average compared to its 38.38% growth within a five-year period.

With the median home price in RICHMOND sitting at $671,500, and the average rent at $530, property owners could potentially earn a 4.1% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RICHMOND are low, as opposed to average gains per annum over the past five years.

RICHMOND, 2753 in NSW belongs to the local government area of Hawkesbury.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$990,000	$671,500
Growth Report
Median Quarterly	0.92%	-9.26%
Median 12 month	4.98%	-1.61%
Median 3 years	16.47%	5.75%
Median 5 years	30.26%	38.38%
10 years average annual	5.4%	4.08%
Weekly media advert. rent	$650	$530
Time on Market	69.8 days	41.4 days
Gross Rental Yield Percent	3.41%	4.1%

Demographics (Median Values)*

Total Population 5562

Weekly Household Income 817.3

Household Size 2.20

Average Age 36

Monthly Loan Repayment 1343

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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