Richmond (postcode 2753) is a medium-sized suburb in New South Wales within the Hawkesbury local government area. It is home to about 5,418 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $70K per year, with an average household size of 2.1 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, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Richmond is $958,000, having grown strongly by 6.4% over the past year. Units have a median price of $700,000 (+10.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,844.
Richmond is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops. 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 3.5% (moderate yield). Property prices sit below the state median ($958K/$1.5M), which can point to relative value. The price-to-income ratio of 13.6x is considered stretched. House prices have moved +6.4% 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.