Thinking about buying in West Richmond? Now could not be a better time, with 611 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $715,000 with prices in this suburb ranging from $320,000 to $1,557,000. West Richmond is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

West Richmond Real Estate Market Outlook

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 West Richmond are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in West Richmond 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 West Richmond 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.

Properties for sale West Richmond

unit 1, 152 marion rd, west richmond, sa, 5033

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$750k - $825k - Best Offers By 17th December @ 4pm

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Internet Speed

Download 25 Mbps / Upload 5 Mbps

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Nearby Suburbs

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Public Transport

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General Points of Interest

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