Located in New South Wales within the Hawkesbury local government area, North Richmond is a moderately sized suburb (postcode 2754). It is home to about 6,358 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $90K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
North Richmond has a median house price of $1.3 million, which has ticked up by 1.7% year-on-year. Units have a median price of $740,000 (+3.5% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,340.
North Richmond is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 44 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Hawkesbury LGA is below average at 2,682 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.0% (moderate yield). Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.9x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.