All About Richardson, Unincorporated ACT, ACT, 2905

Richardson is a suburb situated within the Australian Capital Territory (ACT), which, despite often being confused as part of an unincorporated area, is actually fully incorporated under the governance of the ACT. It is located approximately 17 kilometers south of Canberra's central business district and is part of the larger Tuggeranong district. The housing market in Richardson is characterized by a blend of detached single-family homes, townhouses, and some apartment complexes, catering to a diverse population. The suburb has seen a steady increase in property values over the past few years, driven by its proximity to Canberra and the relatively affordable housing options compared to the city center. The attractiveness of the area is enhanced by its family-friendly environment, availability of essential amenities, and accessibility to public transport, making it a desirable location for both first-time homebuyers and those looking to upgrade.

Living in Richardson offers a peaceful suburban lifestyle with a strong sense of community. The suburb is well-served by local amenities, including schools, parks, and shopping centers. Richardson Primary School is a notable institution in the area, contributing to the suburb's appeal for families with children. The presence of nearby natural reserves and outdoor recreational areas, such as Tuggeranong Hill and Pine Island Reserve, provides residents with ample opportunities for outdoor activities and a connection to nature. The community is known for its friendly atmosphere, with regular neighborhood events and activities fostering a spirit of camaraderie among residents. Additionally, the convenience of being close to the larger Tuggeranong Town Centre means that more extensive shopping, dining, and entertainment options are just a short drive away, offering the ideal balance between tranquility and urban accessibility.

Richardson Real Estate Market Outlook

Thinking about buying in Richardson? Now could not be a better time, with 1278 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $690,000 with prices in this suburb ranging from $124,000 to $2,577,000. The aproximate distance to the coast is 100 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Richardson are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Richardson 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 Richardson 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 Richardson 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 Richardson a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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