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North Richmond suburb profile

North Richmond is a picturesque suburb located in the Hawkesbury region of New South Wales, offering a serene lifestyle amidst natural beauty. Nestled on the banks of the Hawkesbury River, it provides residents with stunning views and a peaceful environment. The suburb is known for its semi-rural charm, with a mix of residential properties, farmland, and bushland. North Richmond boasts a strong sense of community, with local amenities including schools, shops, and recreational facilities. Its proximity to the Blue Mountains and easy access to Sydney make it an attractive location for those seeking a balance between country living and city convenience.

North Richmond property market performance

Current median dwelling price$7,495,000Past 3 months

North Richmond's property market has experienced significant growth over the past 12 months, with house values soaring by 35.9%. The current median house price stands at $1.25 million, reflecting strong demand in the area. In contrast, the unit market has remained stagnant, with no change in median unit value and minimal sales activity, as only 2 units were sold over the past year.

Sales activity for houses has been moderate, with 33 houses sold in the past year. Houses are spending a median of 44 days on the market, indicating a steady pace of sales. The unit market, however, shows limited activity, with no recent sales data available.

The rental market in North Richmond has seen moderate increases, with house rents rising by 7.4% and unit rents by 4.0% over the last 12 months. The average rent for houses is $698, while units average $515, suggesting a healthy demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$1.35MN/A
Change in value
Past 12 months
29.7%N/A
Sold
Past 3 months
353
Median days on market
Past 12 months
45N/A
Average rent
Past 12 months
$700$520
Change in rent
Past 12 months
7.7%5.5%

5 year median price trend for houses and units

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North Richmond demographics

North Richmond, nestled in the picturesque Hawkesbury region of New South Wales, offers a serene lifestyle with a touch of rural charm. With a population of 6,358, this suburb is characterized by its family-friendly environment and a strong sense of community. The median age of 39 suggests a mature population, with many residents enjoying the balance of a peaceful suburban life while still being within reach of Sydney's bustling city life.

The suburb's housing landscape is predominantly owner-occupied, with 32.9% of properties owned outright and 38.1% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. Renting is less common, with only 29% of properties being rented, which may appeal to those seeking a more settled and community-oriented lifestyle.

Family life is at the heart of North Richmond, with 41.6% of households being couple families with children and 39.2% being couples without children. The presence of one-parent families, making up 18.5% of the community, adds to the suburb's diverse family dynamics. The median total household income of $1,724 per week reflects a comfortable standard of living, supporting a range of local amenities and services that cater to the needs of its residents.

North Richmond infrastructure, key developments and investment opportunities

North Richmond continues to benefit from its position within the Hawkesbury local government area, where council strategy emphasises managing growth while protecting semi-rural character and riverine environments, which supports long-term lifestyle appeal for residents.[6] The suburb’s established village centre, with local shops and services, combined with easy access to the Hawkesbury River and surrounding green space, underpins its attractiveness for buyers seeking a balance of amenity and open space.[4][6]

Local schooling remains anchored by nearby public schools such as Richmond North Public School and Colo High School, reinforcing family demand and supporting stable owner-occupier interest.[3] There are currently no widely reported major new transport corridors, rail projects, or large-scale commercial redevelopments specific to North Richmond, so recent property market dynamics are being driven primarily by its existing amenities, lifestyle factors, and broader Hawkesbury planning settings rather than new infrastructure shocks.[3][6]

North Richmond rental market trends

The rental market in North Richmond has experienced moderate growth, with house rents increasing 7.4% over the past year to $698 per week, while unit rents have risen 4.0% to $515 per week. This steady growth reflects the suburb's appeal, offering a balance of affordability and lifestyle, making it an attractive option for both renters and investors.

Suburbs near North Richmond

Some popular suburbs near North Richmond include:

  • Richmond: Known for its historic charm and vibrant community, Richmond is located directly southeast of North Richmond.
  • Hobartville: Featuring a mix of residential areas and green spaces, Hobartville is situated to the southeast of North Richmond.
  • Agnes Banks: Known for its rural atmosphere and equestrian facilities, Agnes Banks lies to the south of North Richmond.
  • Kurmond: Offering scenic views and a semi-rural lifestyle, Kurmond is located to the northwest of North Richmond.
  • Tennyson: Known for its peaceful environment and spacious properties, Tennyson is situated to the northeast of North Richmond.

How does North Richmond compare to nearby suburbs?

  • Median house prices: North Richmond’s median house price is 23.9% higher than Richmond’s.
  • House price growth: Over the past 12 months, house prices in North Richmond have grown 19.2% higher than in Richmond.
  • Selling speed for houses: Properties in North Richmond are selling 13.5% faster than in Richmond.
  • Investment considerations: In North Richmond, the rental yield for house is 23.2% lower than the Sydney average, while the rental yield for units is 33.0% lower.
  • House price growth: Over the past 12 months, house prices in North Richmond have grown 36.0% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in North Richmond have grown 23.6% lower than the average rate of growth for units across Sydney.

Common questions about North Richmond

  • Is North Richmond a nice place to live?

    North Richmond is a delightful suburb that offers a charming blend of semi-rural living and modern convenience. With its peaceful atmosphere and stunning natural surroundings, it provides a wonderful environment for families and individuals seeking a serene lifestyle. The suburb is known for its strong community spirit, making it an inviting place for families to settle down. Local amenities, including schools and shops, cater well to the needs of residents, ensuring a comfortable and convenient lifestyle.

    The suburb's proximity to the Blue Mountains and Sydney adds to its appeal, offering residents the best of both worlds—tranquil country living with easy access to urban amenities. North Richmond is a safe and welcoming community, where families can enjoy a range of outdoor activities, from exploring nearby parks to enjoying leisurely walks along the Hawkesbury River. The suburb's relaxed vibe and picturesque setting make it an ideal place for those who appreciate a slower pace of life.

    However, living in North Richmond does come with some trade-offs. While the suburb offers a peaceful lifestyle, it may not have the same level of nightlife or cultural activities as more urban areas. Additionally, public transport options are limited, which might require residents to rely more on personal vehicles for commuting. Despite these considerations, North Richmond remains a fantastic choice for families and individuals who value community, natural beauty, and a balanced lifestyle.

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  • Is it expensive to live in North Richmond?

    Living in North Richmond can be quite expensive, especially when compared to the average wages in New South Wales. The median house price in North Richmond is currently at $1,250,000, which is a significant investment. For those looking to rent, the average rent for houses over the past year has been around $698 per week. This is quite a chunk of change when you consider the median total household income in North Richmond is $1,724 per week.

    When you stack this up against the state average wage in NSW, which is approximately $1,950 per week, it's clear that living in North Richmond could be a financial stretch for many. The high property prices and rental costs mean that a substantial portion of income would go towards housing expenses. So, if you're thinking of living in North Richmond, it's important to carefully evaluate your budget and financial situation to ensure you can comfortably afford the lifestyle this suburb offers.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is North Richmond a good place to invest?

    North Richmond is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced a remarkable 35.9% increase in median house values, indicating strong demand and a robust market. This substantial growth suggests that North Richmond is becoming increasingly attractive to buyers, likely due to its appealing lifestyle and proximity to natural attractions like the Hawkesbury River and the Blue Mountains.

    While the median unit values have remained stable with no change over the last 12 months, the rental market is showing positive trends. House rents have increased by 7.4%, and unit rents by 4.0%, reflecting a healthy demand for rental properties. This rental growth can provide investors with a reliable income stream, making North Richmond an appealing choice for those looking to invest in rental properties.

    Overall, North Richmond offers a compelling mix of strong capital growth in the housing sector and steady rental demand. Its scenic location and community-focused lifestyle continue to draw interest, making it a suburb worth considering for property investment. While units have not seen the same capital growth as houses, the rental market remains solid, providing opportunities for diverse investment strategies.

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Choose the right real estate agents in North Richmond

In North Richmond ,44 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 66.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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