Richmond Valley, NSW

Richmond Valley Council is a local government area in northern New South Wales. The LGA’s property market is small and relatively undeveloped, with most properties being used for agricultural purposes. There is a limited amount of residential property available, with house prices that can me categorised as moderately expensive. The area is popular with retirees and those looking for a quiet, rural lifestyle.

Show More

The region is a major producer of citrus fruit, and also grows other fruits and vegetables, as well as livestock. Tourism is a significant industry, with the region’s many beaches and national parks attracting visitors from around Australia. The LGA has several industrial areas, where businesses produce a range of goods including timber, processed foods, and clothing.

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.

If you’re thinking of investing in the Richmond Valley property market, here are a few things to keep in mind:

  • The Richmond Valley is a growing region, with plenty of opportunities for growth in the future. This makes it a sound investment option.
  • The region is well-serviced by infrastructure, with good access to schools, hospitals and other amenities.
  • The Richmond Valley is a diverse region, with a range of properties available to suit different needs and budgets with plenty of recreational opportunities available.

Show Less



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.

Sign up on the Starter Plan for 95¢

Subscribe to our newsletter and receive a $5 discount code to your verified email

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.
No data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

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.
No data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

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.
Yield chart
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.
Demand chart
Upgrade to Starter Plan to see U|H and R|O data.
The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
Upgrade to Starter Plan to see IRSAD data.
IRSAD chart
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.
Index chart
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.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

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

Leave a comment