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Suburb Insights ยท SA 5033

Richmond 5033, South Australia

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Richmond is a well-established middle-ring suburb of Adelaide, Australia, with a population of approximately 3,474, making it a boutique locality. Located 4 km from the Adelaide CBD, Richmond is a middle ring area in South Australia. The median household income is $71,916 AUD per year (ABS 2021 Census).

Investment Score

67 / 100 Good

Richmond's income profile suggests a value-oriented market with competitive purchase prices. The short commute to the city centre is a key demand driver.

Location

Map shows Richmond, South Australia, Australia.

Key Indicators

Postcode
5033

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

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Population
3,474

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

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

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

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Median Household Income
$71,916/yr

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

ABS Census Data โ†’
Distance to CBD
4 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)
$1,700/mo

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

ABS Census Data โ†’
Dwelling Type
57% 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

Richmond's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,700/month.

Investment Strategy

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Buy & Hold

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

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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

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

Risk Factors

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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 South Australia market stabilises. The rental market in Richmond should see steady occupancy, with moderate upward pressure on rents. Richmond offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Richmond a good suburb for investment?

Richmond is a middle ring area in South Australia with a population of 3,474. The median rent is $300/week and the median household income is $71,916/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 established amenities and transport access. 57% 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 3,474. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Richmond from the Adelaide CBD?

Richmond is approximately 4 km straight-line distance from the Adelaide CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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