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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
Richlands has 51 houses available for sale. The median property price for a house is currently 705,000 with annual capital growth of 49.84 . There were 46 house sales in the past 12 months. On average, houses spend 11 days on market.
If you're thinking about buying an investment property in Richlands, consider that rental yields for houses are currently 4.42 with an average median rent of 618 weekly. Houses have seen 6.02 growth in the past quarter, and 49.84 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.
Richlands has 117 units available for sale. The median property price for a unit is currently 535,000 with annual capital growth of 22.99 . There were 145 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 5.16 with an average median rent of 580 weekly. Units have seen 7.54 growth in the past quarter, and 22.99 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.
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| Key Market Data | House | Unit |
| Median price | 705,000 | 535,000 |
| Quarterly growth | +6.02 | +7.54 |
| 12-month growth | +49.84 | +22.99 |
| Average annual growth | +11.72 | +12.42 |
| Weekly median rent | 618 | 580 |
| Gross rental yield | 4.42 | 5.16 |
| Number of Sales (12m) | 46 | 145 |
| Avg. Days on Market (12m) | 11 | 12 |
| 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 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
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 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.
Most of the population in Richlands work as Professional.
The chart below demonstrates the various levels of education in Richlands.
The chart below demonstrates the various levels of education in Richlands.
Most of the population in Richlands reached a qualification level of Certificate.
Most of the population in Richlands reached a qualification level of Certificate.
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