Get a property report and suburb profile for any property in North Richmond

North Richmond is a semi-rural suburb on the Hawkesbury River floodplain just north of Richmond, with a village feel and farmland fringes. Tree-lined streets of Federation and postwar cottages sit alongside low-key modern homes and small acreage blocks. Residents tend to be families and people seeking a quieter, country-style lifestyle while retaining access to town services, river recreation, the Richmond train station and the nearby RAAF base. A compact shopping strip, sports fields and riverfront reserves cover everyday needs, with larger services in Richmond and Windsor close by.

Home to 6,358 people with a median age of 39 and a median household income of $1,724 a week (about $89,600 a year), North Richmond is a suburb of families: couple families make up just over four in five families (41.6% with children, 39.2% without). Around 71.0% of homes are owner-occupied and 29.0% rented. Significant local projects are planned or under way, including a new higher-level bridge and improved active-transport links, plus a council-led community precinct with a library, arts spaces and an indoor sports venue. Whether it suits you will depend on how much you value a semi-rural, family-weighted setting within reach of town amenities.

Buying in North Richmond sits well above what local households were earning at the last Census. The median house price of $1,370,000 is about 15.3 times a typical local household's annual income at that Census (weekly income $1,724; annual income $89,648), which places buying well above local incomes.

Renting is less stretched than buying but still significant. A house rent of $700 a week would take about 40.6% of a typical local household's weekly income at the last Census, a large share, while a unit at $538 a week would take about 31.2%, a sizeable share. If you are deciding between renting and buying, those rent shares or the price multiple are the figures that matter.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months median house values in North Richmond climbed strongly, up 28.4%. House rents also rose, up a solid 5.3% over the year, while unit rents increased 9.8% and therefore grew faster than house rents. Taken together, the numbers show that houses delivered marked capital growth this year, while rental income gains were more modest for houses and relatively stronger for units.

If rental income is your priority, the 9.8% rise in unit rents is the figure that speaks to that goal; if capital growth matters more, the 28.4% jump in house values is the standout. Whether that balance suits your needs and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.