Richmond is a smaller suburb in South Australia within the West Torrens local government area (postcode 5033). With a population of 3,474, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Richmond is $1.1 million, having surged 11.9% over the past year. Units have a median price of $655,000 (+8.5% YoY). The current median weekly rent is $555. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,700.
Richmond is served by 1 school, including 1 primary. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the West Torrens LGA is moderate at 4,548 incidents per 100,000 population.
From an investment perspective, Richmond offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +11.9% year-on-year.
Richmond is a smaller suburb in South Australia within the West Torrens local government area (postcode 5033). With a population of 3,474, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Richmond is $1.1 million, having surged 11.9% over the past year. Units have a median price of $655,000 (+8.5% YoY). The current median weekly rent is $555. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,700.
Richmond is served by 1 school, including 1 primary. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the West Torrens LGA is moderate at 4,548 incidents per 100,000 population.
From an investment perspective, Richmond offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +11.9% year-on-year.