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Richmond
AREA REPORTS

Richmond

Richmond - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7025

house

Property investments in RICHMOND did not fare well against the rest of the country last year, registering a median home price decrease of 9.62%.

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

Based on its average 5-year and quarterly capital gains RICHMOND, 7025 saw average growth in the long term.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 34.5 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $682,000.

RICHMOND ranks 119th on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.

Data report can be found below

Richmond
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $682,000 N/A
GROWTH REPORT
Median Quarterly -2.01% N/A
Median 12 month 9.62% N/A
Median 3 years 15.11% N/A
Median 5 years 60.47% N/A
10 years average annual 6.51% N/A
Weekly media advert. rent N/A N/A
Time on Market 34.5 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1697
Weekly Household Income
1434
Household Size
2.50
Age
47
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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