Suburb Profile
North Richmond - FREE SUBURB PROFILE REPORT POSTAL CODE: NSW,2754
NORTH RICHMOND, 2754 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling NORTH RICHMOND, 2754 values up and netting property investors a capital gain of 23.48% for the past year.
Investors saw the median home price rise to $815,000.
Profits due to an upward trend in home prices in the suburb averaged 17.68% per annum over a 3-year period.
NORTH RICHMOND now ranks at the 694th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH RICHMOND are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $460 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NORTH RICHMOND, homes and units usually stay on listing for an average of 54.3 days.
In 2016, 78 properties were sold in NORTH RICHMOND during the past year, making it the 117th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $815,000 | $510,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.62% | 3.03% |
| Median 12 month | 23.48% | 4.08% |
| Median 3 years | 53.05% | 36% |
| Median 5 years | 83.15% | 60.63% |
| 10 years average annual | 7.87% | 6.82% |
| Weekly media advert. rent | $460 | $400 |
| Time on Market | 54.3 days | 32.9 days |
| Gross Rental Yield Percent | 2.93% | 4.08% |
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