This property is Off Market
With an average age of 38, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $400. The average family earns a weekly income of $2,173 with a typical household size of 2.5 and a 97.03% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Torrensville are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Torrensville classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Torrensville 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. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 4%)
Richmond (SA) a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
51 / 100
44 / 100
Industry
77 / 100
34 / 100
Population
48 / 100
37 / 100
House Prices
71 / 100
62 / 100
Jobs
65 / 100
33 / 100
Incidents Trend State Average
St John Bosco School
Brooklyn Park, SA, 5032 Independent R-6
St George College
Mile End, SA, 5031 Independent R-12
Cowandilla Primary School
Cowandilla, SA, 5033 State U, R-7
St Joseph's School
West Hindmarsh, SA, 5007 Independent R-6
Flinders Park Primary School
Flinders Park, SA, 5025 State U, R-7
Temple Christian College
Mile End, SA, 5031 Independent 7-12
Thebarton Senior College
Torrensville, SA, 5031 State U, 11-12
Torrensville Primary School
Torrensville, SA, 5031 State U, R-7
Adelaide High School
Adelaide, SA, 5000 State U, 8-12
St Dominic's Priory College
North Adelaide, SA, 5006 Independent R-12
To see the latest development applications
Join usAlready have an account? Sign in
134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure