Question 1

Is Richmond a nice place to live?

Accepted Answer

Richmond, a southern suburb of Mackay, has low-density streets, established homes and pockets of acreage, with local shops and services concentrated along the suburb's main road.

The community records incomes above the Queensland median and is weighted towards couples with children, who make up 59.1% of families, with many households buying their homes; housing tends to favour yards and garden space rather than apartment living. Everyday amenity includes neighbourhood parks with mature trees, small shops and community facilities, road links to regional routes and easy access to the Coral Sea coastline and nearby bushland for recreation, and the Pioneer Street and Holts Road intersection upgrade has been completed.

Question 2

Is it expensive to live in Richmond?

Accepted Answer

A typical local household in Richmond earned about $3,169 a week at the most recent Census; that income figure reflects what households reported then, not necessarily today's earnings. With house rents around $840 a week, renting a house would take about 27% of that weekly income, which counts as a moderate share. If you are renting rather than buying, that rent share is the figure most relevant to you.

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

Question 3

Is Richmond a good place to invest?

Accepted Answer

A strong 12.6% rise in Richmond house values over the past 12 months is the standout movement on this page. That change represents capital growth for houses rather than any information about rental income.

There isn't enough recent data here to say how unit values or rents have changed, so this snapshot speaks only to house values.

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.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	12.6%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$840	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	QLD
Median age years	33	38
Median household income weekly	$3,169	$1,675
Couples with children share of families	59.1%	41.2%
Couples without children share of families	38.3%	40.3%
One-parent families share of families	2.6%	16.8%
Homes owned outright share of homes	31.4%	30.1%
Homes with a mortgage share of homes	63.8%	35.6%
Homes rented share of homes	4.8%	34.3%

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