In Richlands there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Richlands is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Richlands changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Richlands to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Richlands we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Richlands a better buying opportunity than it may have been in the past.
None within suburb boundary(While the above schools are located with the suburb of Richlands there may also be nearby schools whose catchments cover this suburb)
| (mm) |
|Min (°C) |
|Max (°C) |
|Min (%) |
|Max (%) |
| (m/sec) |
| (MJ/sq m) |
source: Australian Government Bureau of Meteorology
|12-02-2015||$450,000||2307 WOMBEYAN CAVES RD WOMBEYAN CAVES 2580|
|12-05-2014||$351,562||5264 TARALGA RD TARALGA 2580|
|22-12-2006||$300,000||4904 OBERON RD TARALGA 2580|
|10-02-2006||$430,000||4988 RICHLANDS RD TARALGA 2580|
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