Lamb Range vs Richmond
Property investment comparison - Lamb Range, QLD 4870 vs Richmond, QLD 4740
Head-to-head across core investment metrics: Lamb Range wins 3, Richmond wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Lamb Range | Richmond |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $420K | $815K |
| Gross rental yield (houses) | 3.74% | 4.27% |
| Gross rental yield (units) | 5.80% | 3.55% |
| 1-year house growth | - | +16.6% |
| 3-year house growth | - | +46.7% |
| Vacancy rate | 0.6% | 3.9% |
| Population | 7 | 852 |
Lamb Range vs Richmond: what the numbers say
The median house price is $1.1M in Lamb Range and $1.1M in Richmond, so Richmond is the cheaper entry point.
For units, Lamb Range sits at a median of $420K against $815K in Richmond, which makes Lamb Range the more affordable unit market and Richmond the pricier one.
On cash flow, Richmond leads: houses there return a gross rental yield of 4.27%, compared with 3.74% in Lamb Range, a gap of 0.53 percentage points.
Rental vacancy is 0.6% in Lamb Range and 3.9% in Richmond, so landlords in Lamb Range face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Richmond is the bigger suburb, with a population of 852 against 7, roughly 122 times the size of Lamb Range; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Richmond for rental income, Richmond for a lower purchase price, Lamb Range for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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