Richmond

Richmond, QLD 4740 is a growing suburb with a diverse age demographic, particularly with a significant population aged between 5 to 19 and 45 to 64 years. The weekly median household income is relatively high compared to the national average. The most prevalent occupations include Professionals, Technicians and Trades workers, and Managers. For house investors in Richmond, there is potential for renovation projects given the high sale price IQR ratio. The suburb also exhibits a strong market absorption rate and a low vacancy rate. Additionally, the median growth rate is above average, indicating good potential for capital appreciation. Richmond, QLD 4740 offers a family-friendly environment with good income levels and a diverse mix of residents. For property investors focusing on houses, the suburb presents opportunities for renovation projects and long-term capital growth, supported by favourable market dynamics and strong demand. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022