Richmond Vale is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 95, the suburb has an established demographic with a median age of 43. Households earn a median income of $162K per year, with an average household size of 3.3 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Richmond Vale is $462,000, having dropped significantly 64.5% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $2,362.
The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Richmond Vale offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($462K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.8x is considered affordable. House prices have moved -64.5% year-on-year.
Richmond Vale is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 95, the suburb has an established demographic with a median age of 43. Households earn a median income of $162K per year, with an average household size of 3.3 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Richmond Vale is $462,000, having dropped significantly 64.5% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $2,362.
The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Richmond Vale offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($462K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.8x is considered affordable. House prices have moved -64.5% year-on-year.