Richmond Property Market And House Prices

Suburb of Christchurch City

Ed McKnight

Author: Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Last Updated:

Key house price data for Richmond, Christchurch City

Average House Value

3.2%
$581,500

Average Rent

$510

Estimated Yield

4.6%

Long Term Capital Growth

6.0%

Ed's Insights

Richmond is a suburb in Christchurch City.

3,513 people currently live in Richmond. 52.3% of these people rent.

The average house value in Richmond is $581,500.

That’s down 0.2% from from 2 years ago.

The median rent in Richmond is $510.

Market Insight - Median House Price Trend

Sales Data

Average House Value

3.2%
$581,500

Median Days to Sell

29

Properties listed for sale in the last month

8

Properties sold in the last 12 months

69

Insights

The average house value in Richmond is $581,500.

On average it takes 29 days to sell a house.

All up 69 properties were sold in Richmond over the last year, and 8 properties were listed for sale in the last month.

Rental Data

Median Rent

$510

Rental properties listed last year

439

Rental properties listed last month

34

Median days to rent

21
BedroomsRentChange
2 Bedrooms
$510/week1%
3 Bedrooms
$650/week3.2%

Insights

There is no rental data available for Richmond at this time. We are working hard to get this data. We hopefully will have some shortly.

Demographic Info

What do tenants in Richmond want?

There is no demographic data available for Richmond at this time. We are working hard to get this data. We hopefully will have some shortly.