West Richmond is a small community in South Australia within the West Torrens local government area (postcode 5033). With a population of 1,087, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Indian.
The median house price in West Richmond is $886,000, having surged 11.4% over the past year. The current median weekly rent is $445. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,625.
Public transport access includes 2 bus stops. The crime rate in the West Torrens LGA is higher than average at 10,396 incidents per 100,000 population.
From an investment perspective, West Richmond offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($886K/$950K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +11.4% year-on-year.
West Richmond is a small community in South Australia within the West Torrens local government area (postcode 5033). With a population of 1,087, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Indian.
The median house price in West Richmond is $886,000, having surged 11.4% over the past year. The current median weekly rent is $445. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,625.
Public transport access includes 2 bus stops. The crime rate in the West Torrens LGA is higher than average at 10,396 incidents per 100,000 population.
From an investment perspective, West Richmond offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($886K/$950K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +11.4% year-on-year.