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Suburb Insights ยท QLD 4740

Richmond 4740, Queensland

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Richmond is a coastal suburb in Queensland, Australia, with a population of approximately 852, making it a boutique locality. Located approximately 811 km from the Brisbane CBD, Richmond is a coastal area in Queensland. The median household income is $164,788 AUD per year (ABS 2021 Census).

Investment Score

58 / 100 Moderate

Above-average earnings in Richmond support sustained property values. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Richmond, Queensland, Australia.

Key Indicators

Postcode
4740

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

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Population
852

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

ABS Census Data โ†’
Median Rent (weekly)
$375/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
$164,788/yr

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

ABS Census Data โ†’
Distance to CBD
811 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)
$2,500/mo

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

ABS Census Data โ†’
Dwelling Type
93% 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, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Queensland consistently attract interstate migration and lifestyle buyers. The median rent of $375/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,500/month. A median household income of $164,788/year supports premium property values and indicates a well-employed resident base. 93% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Richmond offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Richmond can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Limited buyer depth in Richmond makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Richmond property

Full Property Analysis

30-year projections for Richmond

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

Richmond is expected to see moderate price growth in 2026 as the broader Queensland market stabilises. Tenants in Richmond have options โ€” presenting well-maintained properties is key to minimising vacancy. The market mood around Richmond is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Richmond a good suburb for investment?

Richmond is a coastal area in Queensland with a population of 852. The median rent is $375/week and the median household income is $164,788/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?

Key demand drivers in Richmond include lifestyle appeal and proximity to the coast. 93% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Richmond?

According to the ABS 2021 Census, Richmond has a population of approximately 852. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Richmond from the Brisbane CBD?

Richmond is approximately 811 km straight-line distance from the Brisbane 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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