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Suburb Insights ยท NSW 2480

Richmond Hill 2480, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Richmond Hill is a coastal suburb in New South Wales, Australia, with a population of approximately 850, making it a boutique locality. Located approximately 600 km from the Sydney CBD, Richmond Hill is a coastal area in New South Wales. The median household income is $104,312 AUD per year (ABS 2021 Census).

Investment Score

53 / 100 Moderate

Strong household incomes in Richmond Hill underpin solid property demand. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Map shows Richmond Hill, New South Wales, Australia.

Key Indicators

Postcode
2480

Official Australia Post postcode for Richmond Hill. A postcode may cover multiple suburbs.

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Population
850

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$405/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$104,312/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
600 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
97% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Richmond Hill, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in New South Wales consistently attract interstate migration and lifestyle buyers. The median rent of $405/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $104,312/year supports premium property values and indicates a well-employed resident base. 97% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Richmond Hill could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Richmond Hill are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

The resale market in Richmond Hill may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Richmond Hill property

Full Property Analysis

30-year projections for Richmond Hill

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Growth in Richmond Hill through 2026 will likely be steady rather than spectacular, tracking the wider market. The rental market in Richmond Hill should see steady occupancy, with moderate upward pressure on rents. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Richmond Hill a good suburb for investment?

Richmond Hill is a coastal area in New South Wales with a population of 850. The median rent is $405/week and the median household income is $104,312/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Richmond Hill?

Key demand drivers in Richmond Hill include lifestyle appeal and proximity to the coast. 97% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Richmond Hill?

According to the ABS 2021 Census, Richmond Hill has a population of approximately 850. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Richmond Hill from the Sydney CBD?

Richmond Hill is approximately 600 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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