Richlands, QLD 4077: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Richlands, the median property price for a house is currently $715,000 with annual capital growth of 36.19% . There were 47 house sales in the past 12 months. On average, houses spend 13 days on market.

If you're thinking about buying an investment property in Richlands, consider that rental yields for houses are currently 4.39% with an average median rent of $620 weekly. Houses have seen 7.52% growth in the past quarter, and 36.19% growth in the past 12 months.

The size of Richlands is approximately 5 square kilometres. It has 5 parks covering nearly 8% of total area. The population of Richlands in 2011 was 2,077 people. By 2016 the population was 3,606 showing a population growth of 73.6% in the area during that time. The predominant age group in Richlands is 20-29 years.

Households in Richlands are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richlands work in a professional occupation. In 2011, 43.2% of the homes in Richlands were owner-occupied compared with 31.7% in 2016.

In Richlands, the median property price for a unit is currently $555,000 with annual capital growth of 26.14% . There were 146 unit sales in the past 12 months. On average, units spend 12 days on market.

If you're thinking about buying an investment property in Richlands, consider that rental yields for units are currently 4.99% with an average median rent of $580 weekly. Units have seen 10.23% growth in the past quarter, and 26.14% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$715,000	$555,000
Quarterly growth	+7.52%	+10.23%
12-month growth	+36.19%	+26.14%
Average annual growth	+11.76%	+13.09%
Weekly median rent	$620	$580
Gross rental yield	4.39%	4.99%
Number of Sales (12m)	47	146
Avg. Days on Market (12m)	13	12

Jump to Market Trends

Key Demographics	2011	2016
Total population	2,077	3,606
Population change (5y)	+150.24%	+73.60%
Median household income (p/w)	$1,292	$1,386
Household income change (5y)	+47.83%	+7.28%
Median age of persons	28	28

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Richlands is $715,000 for houses and $555,000 for units.

The Median Growth in Richlands over the past 12 months is 36.19% for houses and 26.14% for units.

Over the past 12 months there were 47 houses sold and 146 units sold in Richlands. On average, houses spent 13 days on market and units spent 12 days on market.

In the past 12 months up to September 2024 there were 47 houses sold and 146 units sold in Richlands. On average, houses spent 13 days on market and units spent 12 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Richlands is $620 for houses and $580 for units.

The Rental Yield in Richlands is 4.39% for houses and 4.99% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Richlands was 3,606 in 2016, a +73.60% change compared to 2011.

The predominant age group in Richlands is 20-29 years.

The population of Richlands was 3,606 in 2016, a +73.60% change compared to 2011.

The predominant age group in Richlands is 20-29 years.

Most of the population in Richlands were born in Australia.

Most of the population in Richlands report their religion as No Religion.

Most of the population in Richlands report their religion as Catholic.

Most of the population in Richlands report their income range as between $78,000 and $130,000 .

The median household income in Richlands was $1,386 in 2016, a +7.28% change compared to 2011.

Most of the population in Richlands report their income range as between $78,000 and $130,000 .

The median household income in Richlands was $1,292 in 2011, a +47.83% change compared to 2006.

Most of the population in Richlands work as Professional.

The chart below demonstrates the various levels of education in Richlands.

Most of the population in Richlands reached a qualification level of Certificate.

2011 2016

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