5 Glenoak Avenue, Richmond QLD 4740

Richmond’s house market is still driven by rising household incomes, a tighter local supply pipeline than the broader region, and steady family demand for roomier regional living while affordability holds better than capital cities. Median house values grew about 1.6% in the last quarter and roughly 4% over the past year, signalling a calm but upward trend through the latest six-month window. Risk sits with the heavily discounted unit sector that has seen steep price falls and near-zero yields, so opportunity is strongest for detached stock while watching any new supply before committing to new builds.