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West Richmond, SA 5033
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$950,000
list-price estimate
Median Unit
$550,000
list-price estimate
Gross Yield (houses)
3.4%
1yr Growth (houses)
+14.2%
market range +5.0% to +17.5%
Investment snapshot for West Richmond
West Richmond has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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West Richmond market and investor summary
In West Richmond, SA 5033, houses show a gross rental yield of 3.4%. House prices have moved +14.2% over the past year and +63.2% over three years. At 0.5% 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 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in West Richmond: people, income and schools
West Richmond has a resident population of roughly 1,087, and the area has been growing steadily, up about 6% over five years. The median age is 37, broadly working-age, and families account for 69% of households.
Households here earn a median of about $78,000 a year, or roughly $1,510 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 58 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 4.7 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 51 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 1,087
- +6% over 5yr
- Median age
- 37 years
- Median household income
- $78,000/yr
- Households renting
- 33%
- Family households
- 69%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 58
- avg ICSEA 1065
- Unemployment
- 2.5%
- Distance to CBD
- 4.7 km
- Walk score
- 51/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in West Richmond
View all →Frequently asked questions about West Richmond
What should I check before investing in West Richmond?
West Richmond has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +14.2% in the past year shows strong recent price momentum. 3-year capital growth of +63.2% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does West Richmond show?
The gross rental yield in West Richmond is 3.4% for houses and 1.9% 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 West Richmond?
House prices in West Richmond are up 14.2% over the past year and up 63.2% 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 West Richmond?
The current vacancy rate in West Richmond is 0.5%. 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 West Richmond?
West Richmond has a population of approximately 1,087 residents, with a median age of 37.
What schools are near West Richmond?
There are 58 schools within roughly 5km of West 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 West Richmond's population growing?
The population of West 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 West Richmond from the CBD?
West Richmond is about 4.7 km from the CBD.
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