AREA REPORTS

North Richmond

 

 

NSW/
North richmond

Suburb Profile

North Richmond - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2754

house
unit

NORTH RICHMOND, 2754 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $745,000.

Profits due to an upward trend in home prices in the suburb averaged 6.08% per annum over a 3-year period.

NORTH RICHMOND now ranks at the 1017th 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 80.3 days.

In 2016, 65 properties were sold in NORTH RICHMOND during the past year, making it the 221st most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $745,000 $515,000
GROWTH REPORT
Median Quarterly -3.87% 0.98%
Median 12 month -5.52% 4.04%
Median 3 years 18.25% 4.04%
Median 5 years 55.53% 36.6%
10 years average annual 6.92% 8.11%
Weekly media advert. rent $460 $400
Time on Market 80.3 days 72.7 days
Gross Rental Yield Percent 3.21% 4.04%
demographics (median values)
Total Population
4475
Weekly Household Income
1125
Household Size
2.70
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

NSW

The policies impacting property in the NSW state election

Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...

Why these suburbs are faring better than others as prices fall

New data points to which suburbs with the largest average land sizes in each capital city are bucking against general property market trends...

Bill Shorten

New negative gearing modelling gets green light from property experts

Multiple industry body heads have accepted SQM’s updated modelling of what the property market could look like under Labor’s proposed ne...

Crowd

Key investor market slips away in last quarter

Analysis of recent ABS data has shown that the decline in overseas migration eased over the recent quarter, which is important for property....

Airbnb mobile application

ATO sets crackdown on missing tax dollars from Airbnb hosts

There is a significant amount of tax dollars that have gone missing through the Airbnb gig economy, as hosts are failing to report side inco...

Suburbs

Good yield needed to succeed in today’s market: Accountant

With a number of major property markets currently at a softening phase, experts encourage investors to reassess their strategies in order to...