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Richmond Hill, QLD 4820

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 Hill, QLD 4820 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 Hill, QLD 4820”

  1. The total adult population (15 years or older) of Richmond Hill 4820 QLD is 1,926, with a median age of 39. Of those, 36.55% are married, 14.69% are divorced or separated, 38.99% are single and 10.07% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,204. The median monthly mortgage repayment for households in this suburb is $1,083 which is 17.46% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Richmond Hill, postcode 4820, is nestled in Queensland and is home to approximately 1020 households. As we move into the third quarter of 2023, the housing market in Richmond Hill is displaying some interesting dynamics.

    Typical sale prices for houses in Richmond Hill currently sit at $298,456. With a median weekly rent of $341, this equates to a substantial indicative yield of 5.94%. This yield exceeds the 3% cut-off that typically attracts cashflow-oriented property investors, indicating Richmond Hill as a potential hotspot for those seeking strong rental returns.

    The socio-economic fabric of the area is reflected in an IRSAD score of 901 out of 1217, signalling a reasonable socio-economic status amongst the population. While the renter to owner ratio clocks in at 35%, slightly over the optimal 30% or below mark for long-term return stability, it isn’t high enough to be considered a risky investment environment.

    Further adding to Richmond Hill’s investment appeal is the notably low units to houses ratio of just 2%, far below the 50% threshold where investment becomes questionable. This low percentage reduces competition among landlords for tenants, helping to uphold high rental yields and attracting longer-term, family-oriented tenants.

    One of Richmond Hill’s compelling selling points is its affordability index, which stands at a favourable 19 years. This figure is considerably lower than the 31 years threshold that is seen as a marker of decreased affordability.

    When it comes to supply metrics, Richmond Hill’s figures bode well for the prospective investor. The stock on market Percentage for houses is 0.69%, well below the 1.3% mark that signals high supply. inventory level for houses is also within the favourable range, coming in at 2.27 months. building approvals Ratio for houses is at a very low 0.0%, indicating a scarcity of new supply, which could firm up prices.

    Looking at demand metrics, houses in Richmond Hill average 40 days on the market. While this lies above the gold standard of 35 days or below for high demand, it is still within acceptable levels. Vacancy rates sit at a highly favourable 0.56%, suggesting that demand is high due to limited availability of rental properties. However, the buy search index for houses in Richmond Hill sits at 3, which indicates that the demand may be just about average in comparison with the state or city average.

    Like all property market investments, understanding the myriad of influencing factors at play is critical, and one should keep abreast of trends in these metrics as they evolve. The RCS (Relative Composite Score) metric developed by HtAG Analytics may be a valuable tool in this endeavour, as it synthesizes over 80 metrics for a comprehensive market assessment. Richmond Hill presents as a viable contender for property investment, with a range of favourable factors, despite a few metrics sitting outside the optimal range.

    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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