Richardson

Richardson, ACT 2905 is a suburb with a population of 3058 residents. The median household income is above average. The dominant age groups are 20 to 24 years and 45 to 64 years. The most prevalent occupations are professionals, managers, and technicians/tradeworkers. The commute to work primarily involves motor vehicles, with a small percentage working from home. The suburb has a low social housing ratio and a moderate level of rented dwellings. For house investors, Richardson presents a diverse range of opportunities. The suburb has a balanced market with medium demand as indicated by the market absorption rate. The sale price IQR suggests potential for renovations or value-adding strategies. With a median growth rate below zero, investors need to consider long-term prospects and rental yields. The room demand-supply ratio is favorable for those considering renting out rooms. Richardson, ACT 2905 offers a comfortable lifestyle with its above-average income levels and diverse age demographics. This suburb provides a mix of housing options suitable for families and professionals. Investors looking at houses should explore renovation opportunities and consider the potential for rental income due to the stable vacancy rates and room demand-supply ratio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022