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Richardson, ACT 2905

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$830,000

market range $800K-$875K

Median Unit

$700,000

list-price estimate

Gross Yield (houses)

4.0%

1yr Growth (houses)

+6.4%

market range +2.5% to +10.0%

Investment snapshot for Richardson

Richardson has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Richardson market and investor summary

In Richardson, ACT 2905, the median house sells for around $830K, on a gross rental yield of 4.0% for houses. House prices have moved +6.4% over the past year and +11.0% over three years. At 0.7% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet.

Living in Richardson: people, income and schools

Richardson has a resident population of roughly 3,058, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $106,000 a year (about $2,040 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.8 times local household income, in line with much of metropolitan Australia. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.

Families have 28 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Richardson sits about 16 km from the CBD. It is fairly car-dependent; the suburb scores 27 for walkability and 30 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
3,058
-1% over 5yr
Median age
36 years
Median household income
$106,000/yr
Households renting
26%
Family households
75%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
28
avg ICSEA 988
Unemployment
5.3%
Distance to CBD
16 km
Walk score
27/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Richardson

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Frequently asked questions about Richardson

What should I check before investing in Richardson?

Richardson has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +6.4% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Richardson?

The median property price in Richardson, ACT 2905 is $830K for houses.

What rental yield does Richardson show?

The gross rental yield in Richardson is 4.0% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Richardson?

House prices in Richardson are up 6.4% over the past year and up 11.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Richardson?

The current vacancy rate in Richardson is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Richardson?

Richardson has a population of approximately 3,058 residents, with a median age of 36.

What schools are near Richardson?

There are 28 schools within roughly 5km of Richardson. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Richardson affordable to buy in?

A median house in Richardson costs about 7.8 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Richardson's population growing?

The population of Richardson has fallen about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Richardson from the CBD?

Richardson is about 16 km from the CBD.

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