Richmond TAS Property Investment
Clarence · 7025 · Score: 65/100 · Buy
Richmond Short-Term Rental (Airbnb) Market
Richmond TAS Investment Brief
BUY — 3.8% gross yield on a $892,736 (pending peer validation) median.
THE MARKET
Richmond has compounded at 4.8%/yr over 5 years. Median sits in the $892,736 (pending peer validation) band today. Properties are sitting on market for 24 days (sellers have the leverage).
- Median house: $892,736 (pending peer validation) | Units: $529,008
- Gross yield: 3.8% | Net yield: 2.3%
- 5yr price CAGR: 4.8%/yr | 3yr forecast: 13.5%/yr
- Population: 1,583 | Owner-occupier rate: 83% | Affluence: High
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 1.8% (improving) | Rental demand: High
- Median weekly rent: $650/wk | Days on market: 24 (improving)
- Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Glenorchy station 16.9km away
BULL CASE
If Richmond maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $1,026,646 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Richmond pull back 10-15% from $892,736, with vacancy rising to 3.2% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- North Hobart (TAS): $950,633 median, 3.4% yield, -2.2% 1yr growth
- Park Grove (TAS): $655,835 median, 4.0% yield, 9.5% 1yr growth
- Penguin (TAS): $689,630 median, 3.5% yield, 13.2% 1yr growth
THE PLAY
Richmond presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 3.8% and prioritise properties with value-add potential. Consider timing entry around the current cooling phase of the market cycle.
- Entry range: $803,462 – $982,010
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
high confidenceBasis: 5yr CAGR 4.8% + 10yr CAGR 6.3%
- +Low rental vacancy (1.8%) — constrained supply
- +Active market (24 days avg)
- −High supply pipeline (2092 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-05
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
475
2020
585
2021
452
2022
348
2023
232
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 7025
Decile 8 of 10 — Low disadvantage
Population
1,822
Education (IEO)
8/10
Econ. Resources (IER)
8/10
10-Year Investment Projection
Modelled on Richmond TAS data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $650/wk median rent for Richmond. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
Analyse a Property in Richmond
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.