Richmond Valley Council, NSW

Richmond Valley Council (RVC) is a local government area in northern New South Wales, Australia. It is located in the Northern Rivers region. The Richmond Valley Council has an area of 3,051 square kilometres (1,178 square miles) and is named after the Richmond River, which runs through the majority of the council territory.

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The managed area is bordered by the Bruxner Highway, the Pacific Highway, and the North Coast railway line.
It is mostly a rural region, with the majority of industry centred on livestock and agricultural production, such as sugar cane, wheat, and pecan plantations.

Labourers account for 20.2 % of all jobs in Richmond Valley, followed by technicians and trades workers at 13.2 %, community and personal service workers at 12.1 %, professionals at 12.0 %, and managers at 11.5 %.

Richmond Valley residents aged 15 years and above have a median weekly personal income of $491.

In Richmond Valley, 84.1 % of occupied private residences are detached houses, 5.7 % are semi-detached, row or terrace houses, townhouses, or other buildings, 7.4 % are flats or apartments, and 2.5 % are other dwellings.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Richmond Valley Council, NSW

What other property markets are there near Richmond Valley Council, NSW?

Richmond Valley Council is surrounded by 4 other council areas – Lismore, Ballina, Kyogle, Clarence Valley.

Suburbs/localities in this Local Government Area: Coombell 2470, Coraki 2471, Backmede 2470, Doonbah 2473, East Coraki 2471, Ellangowan 2470, Evans Head 2473, Fairy Hill 2470, Greenridge 2471, Irvington 2470, Kippenduff 2469, Leeville 2470, Mckees Hill 2480, Mongogarie 2470, Myrtle Creek 2469, Naughtons Gap 2470, New Italy 2472, Bentley 2480, North Casino 2470, Rappville 2469, Rileys Hill 2472, Shannon Brook 2470, Six Mile Swamp 2469, Spring Grove 2470, Stratheden 2470, Swan Bay 2471, Tabbimoble 2472, Tatham 2471, The Gap 2472, Upper Mongogarie 2470, West Coraki 2471, Whiporie 2469, Woodburn 2472, Woodview 2470, Wyan 2469, Yorklea 2470, West Bungawalbin 2471, Tomki 2480, Bora Ridge 2471, Broadwater 2472, Bungawalbin 2469, Camira 2469, Casino 2470, Clearfield 2469, Clovass 2480, Codrington 2471

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