Richmond QLD Property Investment

Richmond has compounded at 0.8%/yr over 5 years — a house that cost $952,474 in 2021 is worth $991,187 today. Properties are sitting on market for 24 days (sellers have the leverage). At the same growth rate, today's median reaches $1,031,474 by 2031.

• Median house: $991,187 | Units: $0
• Gross yield: 1.8% | Net yield: 0.3%
• 5yr price CAGR: 0.8%/yr | 3yr forecast: 13.5%/yr
• Population: 85,500 | Owner-occupier rate: 64% | Affluence: Above Average

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 1.8% (improving) | Rental demand: High
• Median weekly rent: $340/wk | Days on market: 24 (improving)
• Landlord market — rents likely to keep rising.

• Median nightly rate: $183/night | Occupancy: 53%
• Estimated annual STR gross: ~$35,440/yr
• vs long-term rent: $17,680/yr (+100% STR premium — factor in higher management costs)

• Bruce Highway Upgrade Program (under_construction)
• Transport: Standard suburban transport access

If Richmond maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $1,139,865 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Richmond pull back 10-15% from $991,187, with vacancy rising to 3.2% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• North Lakes (QLD): $1,179,423 median, 3.0% yield, 12.4% 1yr growth
• Murrumba Downs (QLD): $1,214,999 median, 3.1% yield, 17.5% 1yr growth
• Brendale (QLD): $830,027 median, 3.8% yield, 16.2% 1yr growth

Richmond offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

• Entry range: $892,068 – $1,090,306
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy staying below 2% and days on market holding under 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.