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Richmond, SA 5033
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,095,000
market range $575K-$1.3M
Median Unit
$610,000
market range $550K-$725K
Gross Yield (houses)
3.1%
1yr Growth (houses)
+12.1%
market range +2.5% to +15.0%
Investment snapshot for Richmond
Richmond has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Richmond market and investor summary
In Richmond, SA 5033, the median house sells for around $1.1M, on a gross rental yield of 3.1% for houses. House prices have moved +12.1% over the past year and +50.9% over three years. At 0.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.1% and a resident base that is not shrinking.
Living in Richmond: people, income and schools
Richmond is home to around 3,474 people, and the area has been growing steadily, up about 6% over five years. At a median age of 36, it reads as broadly working-age, and families account for 58% of households.
The typical household income runs to around $72,000 a year (about $1,380 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 15.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 67 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Richmond sits about 3.7 km from the CBD. It is fairly car-dependent; the suburb scores 33 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,474
- +6% over 5yr
- Median age
- 36 years
- Median household income
- $72,000/yr
- Households renting
- 44%
- Family households
- 58%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 67
- avg ICSEA 1065
- Unemployment
- 2.5%
- Distance to CBD
- 3.7 km
- Walk score
- 33/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Richmond
View all →Frequently asked questions about Richmond
What should I check before investing in Richmond?
Richmond has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +12.1% in the past year shows strong 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 Richmond?
The median property price in Richmond, SA 5033 is $1.1M for houses and $610K for units.
What rental yield does Richmond show?
The gross rental yield in Richmond is 3.1% for houses and 4.3% 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 Richmond?
House prices in Richmond are up 12.1% over the past year and up 50.9% 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 Richmond?
The current vacancy rate in Richmond is 0.1%. 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 Richmond?
Richmond has a population of approximately 3,474 residents, with a median age of 36.
What schools are near Richmond?
There are 67 schools within roughly 5km of Richmond. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Richmond affordable to buy in?
A median house in Richmond costs about 15.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Richmond's population growing?
The population of Richmond has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Richmond from the CBD?
Richmond is about 3.7 km from the CBD.
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