Richlands

POSTAL CODE: QLD, 4077
HOUSE

Property investors enjoyed capital gains of 0.66% over the last 12 months in RICHLANDS, translating to lower returns compared with its peers in QLD.

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

The suburb posted a 79.6% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 4.41% increase in returns based on the current median price in RICHLANDS.

RICHLANDS, 4077 ranks 896th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 199th on the list of best yielding suburbs for rental properties in QLD, posting a 4.41% return.

Surburb overview

Richlands, situated approximately 19.6 kilometres south-west of Brisbane's central business district, is a suburb that combines industrial zones with emerging residential developments. 

According to the 2021 census, Richlands has a population of 5,621 residents, with a median age of 28. The suburb has experienced significant growth, with the population increasing from 2,077 in 2011 to 3,606 in 2016, a 73.6% increase. Households in Richlands are primarily couples with children, and a diverse community characterises the area. 

Richlands is well-serviced by public transport. The Springfield Line's Richlands railway station provides residents convenient access to Brisbane CBD and surrounding areas. The station enhances connectivity for both commuters and local travellers. 

The suburb offers a range of essential establishments, including the Richlands Plaza, a shopping and business centre that opened in 2010, providing various retail and dining options. Educational facilities include the Richlands East State School, catering to primary education needs. Additionally, the area is home to recreational clubs such as the Brisbane West Tennis Centre and Richlands Tenpin Bowl, contributing to the community's recreational amenities. 

Richlands features several parks and green spaces, offering residents opportunities for outdoor activities and leisure. The suburb's development includes modern housing options with amenities like swimming pools, gyms, and landscaped gardens, appealing to families and professionals seeking a convenient lifestyle. 

Richlands' combination of industrial heritage, rapid residential growth, and modern amenities contributes to its appeal as a dynamic suburb within Brisbane. 

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