West Richmond

POSTAL CODE: SA, 5033

HOUSE

Based on its average 5-year and quarterly capital gains WEST RICHMOND, 5033 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WEST RICHMOND, 5033 obtained a 9.58% growth over a ten-year period. It ranks 177th on our list of suburbs that property investors should look into.

WEST RICHMOND, 5033 in SA belongs to the local government area of West Torrens.

WEST RICHMOND, 5033 has a capital gain of 18.96% for the past year, which is lower than average compared to its 95.47% growth within a five-year period.

With the median home price in WEST RICHMOND sitting at $928,500, and the average rent at $650, property owners could potentially earn a 3.64% increase in gross rental yield.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$928,500	N/A
Growth Report
Median Quarterly	3.17%	N/A
Median 12 month	18.96%	N/A
Median 3 years	58.04%	N/A
Median 5 years	95.47%	N/A
10 years average annual	9.58%	N/A
Weekly media advert. rent	$650	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	3.64%	N/A

Demographics (Median Values)*

Total Population 8373

Weekly Household Income 1137

Household Size 2.20

Average Age 36

Monthly Loan Repayment 1647

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

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