Thinking about buying in Richlands? Now could not be a better time, with a whopping 3310 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $511,000 with prices in this suburb ranging from $269,000 to $3,452,000.Distance to the coast is 24 Km.
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. Low average earnings from people in Richlands leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. High density population in Richlands requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$293.64|
|Median Monthly Mortgage||$1093.00|
|Median Persons Per Bedroom||0.67|
|Average Household Size||2.36|
|Average Cars Per Dwelling||2.56|
|Average Properties Within 50M||55.00|
|UNIT 22, 164 GOVERNMENT RD, RICHLANDS, QLD, 4077||3||2||2||For Sale|
|38 LITTLETON RD, RICHLANDS, QLD, 4077||4||2||2||FOR SALE|
|105 BRENTFORD RD, RICHLANDS, QLD, 4077||Under Contract|
|32 LITTLETON RD, RICHLANDS, QLD, 4077||4||2||2||For Sale|
|UNIT 106, 164 GOVERNMENT RD, RICHLANDS, QLD, 4077||4||2||2||Offers Over $529,000|
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)
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source: Australian Government Bureau of Meteorology
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