Richmond
Renters outnumber outright owners here, 46.1% versus 31.8%, an unusual split for a 26.81 km2 outer-Sydney suburb that reads more semi-rural than inner-city at 202.1 residents per km2. The 5,418 residents sit at a median age of 43, which is 3.0 years above the national figure, yet household income lands in just the 34.8th percentile, a long way below the state's wealthier pockets. The $835,000 median house price climbed 8.2% in a single year, from $800,000 in 2024 to $866,000 in 2025, while a 31.5% mortgage-to-income ratio pushes local buyers past the stress threshold. All four SEIFA indexes score decile 5, placing Richmond squarely at the national midpoint rather than in any advantage or disadvantage tier.
Population
5,418
Median Age
43.0
Household IncomeiMedian weekly household income (ABS Census)
$1,353/wk
DAs (12 months)iDevelopment Applications lodged in the past year
33
Median House
$835K
2024-2025 (PSI derived)
At $835,000 the median house price is affordable by Sydney standards, but it rose fast, up 8.2% from $800,000 in 2024 to $866,000 in 2025, which narrows the window for value buyers. The stock favours families: 55.3% are separate houses and just 14.4% are apartments, with three-bedroom homes the most common at 44.7% and four-plus-bedroom dwellings at 18.8%. Monthly mortgage repayments average $1,844, but because household income only reaches the 34.8th percentile nationally, the mortgage-to-income ratio hits 31.5%, above the 30% stress threshold. That gap matters because it means a typical local buyer is stretched despite a price tag well below the Sydney average, so dual-income or out-of-area purchasers tend to set the market.
For Buyers
At $835,000 the median house price is affordable by Sydney standards, but it rose fast, up 8.2% from $800,000 in 2024 to $866,000 in 2025, which narrows the window for value buyers. The stock favours families: 55.3% are separate houses and just 14.4% are apartments, with three-bedroom homes the most common at 44.7% and four-plus-bedroom dwellings at 18.8%. Monthly mortgage repayments average $1,844, but because household income only reaches the 34.8th percentile nationally, the mortgage-to-income ratio hits 31.5%, above the 30% stress threshold. That gap matters because it means a typical local buyer is stretched despite a price tag well below the Sydney average, so dual-income or out-of-area purchasers tend to set the market.
For Investors
A 46.1% renter share is high and gives landlords a deep tenant pool, well above the roughly one-third typical of family suburbs. Weekly rent of $375 against the $835,000 median implies a gross yield near 2.3%, modest but stronger than premium inner-Sydney suburbs where yields fall below 2%. The 8.1% vacancy rate is the caution flag, signalling that supply is not tight, so rent growth depends on demand catching up rather than scarcity. Development activity is steady but not heavy at 31 applications in 12 months, including dual-occupancy and subdivision lodgements that add modest new stock. With house prices up 8.2% in a year and rent-to-income at 27.7%, the case rests more on capital growth and the renter-heavy base than on yield, which sits below what investors chasing income usually target.
Development Activity
Total DAs
229
Last 12 Months
33
YoY ChangeiYear-over-year change in DA lodgements
-42.1%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Richmond iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Centre of Excellence in Agricultural Education
7-12 · 11 students
Richmond Public School
K-6 · 298 students
St Monica's Primary School
K-6 · 252 students
Richmond High School
7-12 · 750 students
Demographics
The median age of 43 runs 3.0 years above the national figure, marking an older resident base than the Sydney average. Overseas-born residents make up 20.6%, which is 1.0 point below national, so Richmond is less migrant-heavy than most metropolitan suburbs. Ancestry leans Anglo-Celtic, led by English (1,994), Irish (603) and Scottish (478), and the most common non-English languages are Macedonian (38 speakers), Nepali (34) and Punjabi (33), a small but varied mix. University qualifications reach 25.9%, which is 4.2 points below national, consistent with a workforce weighted toward healthcare, trades and public administration rather than professional knowledge sectors. Average household size is 2.1, which is 0.4 below national, and couples without children at 29.6% slightly outnumber couples with children, reflecting the older age profile.
Age Distribution
Bedrooms
Dwelling Structure
55.3%
Houses
29.9%
Townhouse
14.4%
Apartment
Tenure
Tenure here is unusual: 46.1% rent, 31.8% own outright and only 22.1% carry a mortgage, so renters outnumber both owner groups. That low mortgage share, paired with a high outright-ownership figure, points to a settled older population plus a large transient rental cohort rather than a churn of new buyers. The stock is family-oriented, 55.3% separate houses and 29.9% semi-detached, with apartments at just 14.4%, and three-bedroom homes dominate at 44.7%. The median house price moved from $800,000 in 2024 to $866,000 in 2025, an 8.2% one-year rise. Mortgage-to-income at 31.5% sits above the 30% stress threshold while rent-to-income holds at 27.7%, a split that shows buying is tighter than renting for the local income base in the 34.8th percentile.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,844
Rent / wk
$375
HH Size
2.1
Personal Income / wk
$744
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
8.1%
Unoccupied
191
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
27.7%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
31.5% stressed
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
29.6%
Couples, no children
3,351
Total families
Economy & Employment
The workforce is anchored in essential services rather than high-paying professional fields: Healthcare leads at 19.1% (286 workers), Public Administration follows at 12.8% (191) and Education at 11.7% (176), with Construction at 9.4% and Retail at 7.5%. By occupation, Professionals (408) lead but Community and Personal Service workers (317) and Clerical and Admin staff (282) make up a large share, which explains why university qualifications sit 4.2 points below national. Unemployment is 5.4% and the participation rate reads just 45.0%, low because the older age profile leaves 1,885 residents out of the labour force entirely. All four SEIFA indexes score decile 5, the national midpoint, with no anomaly between the income, education and resources measures, which is consistent with a steady working and service-class base.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
62.3%
Part-time
32.3%
Participation
45.0%
Employed
2,015
Occupations
Top Industries
University
25.9%
Postgraduate
8.8%
Born Overseas
20.6%
Dwellings
2,168
Transport to Work
Richmond is car-dependent, with 81.1% driving to work, well above the metropolitan norm, while public transport carries just 4.4% and 9.9% walk or cycle, a pattern that fits the low 202.1 per km2 density across 26.81 km2. The suburb scores decile 5 on IRSAD, the national midpoint, so residents face neither concentrated advantage nor disadvantage. Volunteering runs at 12.6% and 12.7% of residents (622 people) need daily assistance, higher than younger suburbs because the median age of 43 sits 3.0 years above national. Rent-to-income at 27.7% keeps tenants below the stress line, while the 31.5% mortgage-to-income ratio shows buyers are more stretched. No schools are recorded inside the suburb boundary in this dataset, so families rely on institutions in neighbouring areas, a trade-off for the spread-out, lower-density setting.
Drive
81.1%
Public Transport
4.4%
Walk / Cycle
9.9%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Richmond compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Richmond a good suburb to live in?
Richmond scores decile 5 on all four SEIFA indexes, placing it at the national midpoint rather than in any advantage or disadvantage tier. It suits families, with 55.3% separate houses and a $835,000 median, though household income sits in the 34.8th percentile, so affordability is a real consideration for local buyers.
What is the median house price in Richmond?
The median house price is $835,000, affordable by Sydney standards. Prices rose 8.2% from $800,000 in 2024 to $866,000 in 2025. Weekly rent averages $375 and monthly mortgage repayments run about $1,844, giving a mortgage-to-income ratio of 31.5%, above the stress threshold.
What schools are in Richmond?
No schools are recorded inside the Richmond boundary in this dataset, so families rely on schools in neighbouring suburbs. University qualifications among residents reach 25.9%, which is 4.2 points below the national figure, reflecting a workforce weighted toward healthcare, trades and public administration.
Is Richmond safe?
Detailed crime statistics are not available for Richmond in this dataset. As an indirect indicator, the suburb scores decile 5 on the IRSD index of relative disadvantage, the national midpoint, and 12.7% of its residents, or 622 people, need daily assistance, consistent with an older, mid-tier area.
Is Richmond good for property investment?
Rent of $375 a week against a $835,000 median gives a gross yield near 2.3%, stronger than inner-Sydney suburbs below 2%. The renter share is high at 46.1%, but the 8.1% vacancy rate signals supply is not tight, so the case leans on capital growth more than income.
How is Richmond's population changing?
The current population is 5,418 with a median age of 43, which is 3.0 years above national, marking an older base. Resident mobility shows 71.9% stayed put while turnover ran at 28.1%, and development is moderate at 31 applications over 12 months, pointing to gradual rather than rapid change.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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