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Richmond, NSW 2753

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Richmond, NSW 2753 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Richmond, NSW 2753”

  1. The total adult population (15 years or older) of Richmond 2753 NSW is 4,738, with a median age of 43. Of those, 33.69% are married, 18.17% are divorced or separated, 37.76% are single and 10.51% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,264. The median monthly mortgage repayment for households in this suburb is $1,844 which is 25.39% of their earnings.

    Source: ABS Census Data (2021)

  2. Overview:

    The suburb of Richmond 2753, located in NSW, is estimated to be home to around 3,055 households. With a healthy socio-economic status showcased by an IRSAD score of 956 out of 1217, the suburb offers a intertwine of favourable urban amenities and a comfortable residential atmosphere. Richmond is split into a mix of property types, with a units-to-houses ratio of 14%. As we move into Q3 of 2023, Richmond is set to prove interesting for property investors and buyers alike with its unique market dynamics.

    Property Market Statistics for Houses:

    In the property market of Richmond 2753, the typical price for houses stands at $896,053 as of Q3 2023. Leaseholders are looking at a median weekly rent of $534, which results in an indicative yield of 3.1%. This modest yield, hovering just above the minimum market requirement, presents a solid opportunity for cashflow-focused investors.

    Meanwhile, the resident dynamic is skewed towards ownership, with a renter to owner ratio of 44%. This aligns with the desired range for property investors, providing a level of stability without undue saturation of rental properties.

    In the context of affordability, Richmond proves challenging with a substantial index of 48 years to own a property. This index suggests that owning property here could be a longer-term financial commitment than in other areas, however, this mirrors with the market’s appeal and performance over time.

    Supply and demand factors further illustrate Richmond’s market character. A low stock on market Percentage of 0.16% for houses indicates a favourable low supply situation. The inventory level, also leaning towards scarcity with 0.71 months, shows a quick absorption rate in the local market.

    However, the future supply could potentially become more plentiful with a building approvals Ratio of 2.88%. Additionally, an average of 51 days on the market suggests a balanced demand for houses – quick enough to avoid stagnation but without intense competition.

    Richmond’s vacancy rate, combining houses and units, is a comfortable 1.71%, suggesting a healthy demand in rental market. Meanwhile, the buy search index for houses stands at 5, showing active and consistent buyer interest.

    Overall, Richmond provides unique opportunities mingled with challenges for strategic property investors and potential homeowners. A guide like the RCS by HtAG Analytics could be useful in navigating this market, synthesising over 80 metrics into a handy tool for decision-making. Therefore, keeping abreast of the market trends and analysing the data comprehensively will remain key for smart investment moves in this domicile.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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