Richlands is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2580). With a population of 48, the suburb has an established demographic with a median age of 40. Households earn a median income of $94K per year, with an average household size of 2.7 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are Scottish, English, Irish.
The median house price in Richlands is $1.8 million, having grown strongly 8.2% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,235.
Public transport access includes 1 bus stop. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Richlands offers a gross rental yield of 1.5%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 18.6x is considered stretched. House prices have moved +8.2% year-on-year.
Richlands is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2580). With a population of 48, the suburb has an established demographic with a median age of 40. Households earn a median income of $94K per year, with an average household size of 2.7 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are Scottish, English, Irish.
The median house price in Richlands is $1.8 million, having grown strongly 8.2% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,235.
Public transport access includes 1 bus stop. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Richlands offers a gross rental yield of 1.5%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 18.6x is considered stretched. House prices have moved +8.2% year-on-year.