Richmond
With a median age of 51, Richmond sits 11 years above the national benchmark and feels markedly older than many Hobart fringe growth areas. Its 1,583 residents are spread across 90.21 sqkm, so the suburb has a rural village pattern rather than a dense suburban one. Compared with nearby Cambridge and Sorell, Richmond is more detached-house dominated, with 93.9% separate houses and 47.2% owned outright, which points to long-held homes and a lower-churn owner base.
Local council: Clarence
Population
1,583
Median Age
51.0
Household IncomeiMedian weekly household income (ABS Census)
$1,496/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Homebuyers are looking at a strongly house-led market: 93.9% of dwellings are separate houses, while 45.2% have 3 bedrooms and 33.3% have 4 or more. Carrying costs look moderate compared with household incomes, with a $1,600 monthly mortgage and mortgage costs at 24.7% of income. The 46.7 household income percentile nationally matters because buyers may be competing less with very high-income households than in premium inner-Hobart suburbs.
For Buyers
Homebuyers are looking at a strongly house-led market: 93.9% of dwellings are separate houses, while 45.2% have 3 bedrooms and 33.3% have 4 or more. Carrying costs look moderate compared with household incomes, with a $1,600 monthly mortgage and mortgage costs at 24.7% of income. The 46.7 household income percentile nationally matters because buyers may be competing less with very high-income households than in premium inner-Hobart suburbs.
For Investors
Richmond is not a high-rental-turnover market. Only 15.4% of homes are rented, and the median rent is $340 a week, so the tenant pool is smaller than in university or inner-city suburbs. The 8.5% vacancy rate is a higher leasing-risk signal, while 0 recorded development approvals over 12 months suggests limited new supply pressure. Demand is more likely to come from lifestyle and internal migration than rapid apartment-style churn.
Demographics
Richmond has an older, locally rooted population profile. The median age is 51, which is 11 years above the national figure, and 79.2% of residents stayed at the same address over the measured period. University attainment is 32.3%, 2.2 percentage points above national, but overseas-born residents are 14.1%, 7.5 points below national. English, Scottish and Irish ancestry counts dominate, which helps explain the more Anglo-leaning household mix.
Age Distribution
Bedrooms
Dwelling Structure
93.9%
Houses
1.5%
Townhouse
0.0%
Apartment
Tenure
Housing is dominated by established detached stock rather than compact formats. Separate houses account for 93.9% of dwellings, semi-detached homes just 1.5%, and the bedroom mix skews family-sized with 45.2% having 3 bedrooms and 33.3% having 4 or more. Tenure is also owner-heavy: 47.2% owned outright and 35.2% mortgaged, compared with only 15.4% renting. That lowers turnover because many households have long-term equity positions.
Mortgage / mo
$1,600
Rent / wkiABS Census 2021 median across all dwelling types. Current market rents are typically higher.
$340
Census 2021
HH Size
2.4
Personal Income / wk
$762
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
8.5%
Unoccupied
58
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
22.7%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
24.7%
Community Profile
Ancestry
Household Composition
36.7%
Couples with children
51.4%
Couples, no children
10.8%
Single parent
461
Total families
Economy & Employment
Richmond's workforce is spread across public-facing and practical sectors. Healthcare leads at 14.6% or 76 workers, followed by education at 14.0%, construction at 13.7%, public administration at 9.0% and professional or tech roles at 8.5%. Occupations are led by professionals at 169 and managers at 150. Unemployment is 3.5%, but participation is 58.6% and 480 residents are outside the labour force, consistent with the older age profile. SEIFA rankings sit around the middle to lower-middle, with IRSAD decile 4 and IER decile 5 nationally.
Unemployment
3.5%
Labour Force
780
Unemployed
27
Source: ABS Census 2021
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
56.4%
Part-time
37.8%
Participation
58.6%
Employed
753
Full-time and part-time are shares of the employed. Source: ABS Census 2021
Occupations
Top Industries
University
32.3%
Postgraduate
7.1%
Born Overseas
14.1%
Dwellings
609
Transport to Work
Daily life in Richmond is car-oriented. Car driving accounts for 74.9% of commuting, compared with only 1.4% using public transport and 4.4% walking or cycling. Working from home is meaningful at 15.4%, which helps because the low density of 17.5 people per sqkm spreads services and trips across a wide area. IRSAD sits in decile 4 nationally, so amenity is practical and lifestyle-led rather than high-income urban convenience.
Drive
74.9%
Public Transport
1.4%
Walk / Cycle
4.4%
Work from Home
15.4%
Growth Outlook
Richmond's growth outlook is steady rather than speculative. The forecast trend runs at 1.95% a year, with internal migration as the primary driver, so demand is linked to people relocating within Australia rather than a large development pipeline. The 10-year population-change indicator is 28.6%, while the trajectory is Aging, with senior share higher by 4.5 points and young share lower by 1.5 points. Gentrification is marked Active with a score of 42, and rent growth of 42.0% shows pressure despite stable affordability from 46.9 to 48.1.
Population trend: Clarence council area
Richmond sits in the Clarence council area. These are the council area's residents, not Richmond's.
Residents 2025
64,119
Growth, 5 yr average
+1.1%/yr
2020 to 2025
Growth, last year
+0.4%
2024 to 2025
ABS Estimated Resident Population by LGA, 30 June each year; council area, not this suburb
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 suits buyers wanting space, older housing stock and a quieter village pattern. It has 1,583 residents, a median age of 51 and 93.9% separate houses, which is higher than dense inner-Hobart areas. Car access matters because 74.9% drive to work.
What is the median house price in Richmond?
A verified median house price is not available, so buyers should use recent comparable sales before bidding. Affordability indicators show a $1,600 monthly mortgage, $340 weekly rent and mortgage costs at 24.7% of income, below the suburb's rent-to-income figure of 22.7% only in dollar terms.
What schools are in Richmond?
School options, intake areas and transport links should be confirmed directly before relying on an address. Richmond covers 90.21 sqkm with 1,583 residents, so access can be more dispersed than compact Hobart suburbs and may involve travel across the wider Clarence area.
Is Richmond safe?
A suburb-level crime rate is not published for Richmond, so current Tasmania Police and local updates should be checked. Stability indicators are relatively strong: 79.2% of residents stayed at the same address and turnover was 20.8%, lower than many rental-heavy suburbs.
Is Richmond good for property investment?
Richmond is better suited to patient investors than high-churn strategies. Only 15.4% of homes are rented, rent is $340 a week and vacancy is 8.5%, which is higher than a tight leasing market. The upside is 1.95% annual growth driven by internal migration.
How is Richmond's population changing?
Richmond's current population is 1,583, and the forecast trend is 1.95% annual growth driven by internal migration. The 10-year population-change indicator is 28.6%, while the trajectory is Aging, with senior share up 4.5 points and young share down 1.5 points.
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 education open registers (school locations), state Crime Statistics agencies (offences), council DA portals (development applications).
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