Not just a pretty face.
There is something really special about Richmond. Where else in Sydney can you find home units priced at around $250,000 while just a few streets away grand homes on acreage command prices in the millions of dollars? It’s a reflection of how Richmond appeals to such a broad cross section of residents, and the town has come a long way since its early days as a food bowl for the colony of Sydney.
Plenty of history
Richmond is one of the Hawkesbury’s five ‘Macquarie Towns’, which include Windsor, Castlereagh, Wilberforce and Pitt Town. Like Windsor in particular, Richmond has a number of historic buildings – many of which are still grand private homes. The RAAF Base – established in 1923, has added diversity to Richmond’s local economy, as has the Hawkesbury campus of the University of Western Sydney, and today Richmond is a thriving modern community that has retained its semi-rural charm.
A pocket of affordability
According to property listing site RealEstate.com.au, the median house price in Richmond is $420,000, or about $320,000 for units. So it’s also a very affordable part of Sydney and not surprisingly, RealEstate.com.au describes Richmond as a ‘high demand’ area. With a low vacancy rate of about 1.7%, Richmond property investors certainly aren’t troubled by lengthy vacancy periods. As the city draws progressively closer to Richmond, there is no doubt local property values will rise. However the character of the town, with its unique blend of old and new, will continue to offer a special slice of village life.
Find your Richmond home loan today
For professional help finding the Richmond home loan that meets your needs, contact Andrew Heath and the team at Mortgage Choice Richmond on 4578 9904 or 0411 550 600. Or take the opportunity to call in and see us at 1/37 Lennox Street, Richmond.
Be sure to share our blog on Facebook and Twitter and let others join the conversation.
 SQM Research