Mount Richon

Property investors in MOUNT RICHON enjoyed capital gains of 9.61% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $445,000.

Profits due to an upward trend in home prices there averaged 0.38% per annum over a 3-year period.

Home owners selling their properties and realtors in MOUNT RICHON usually have to wait an average of 97.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $360 mark, reflecting a 4.21% increase in returns based on the current median price in MOUNT RICHON.

MOUNT RICHON, 6112 places 53rd in Australia based on median property value growth during the quarter.