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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Population
Richmond has seen population growth performance typically on par with national averages when looking at short and medium term trends
Richmond SA's population was approximately 18,381 as of August 2025. This figure reflects an increase of 1,359 people since the 2021 Census, which reported a population of 17,022. The change is inferred from ABS estimated resident population of 18,248 in June 2024 and additional validated new addresses since the Census date totalling 185. This results in a density ratio of 2,058 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Richmond's population growth rate of 8.0% since the 2021 census exceeded both state (6.7%) and SA3 area averages, indicating it as a region with significant growth. Overseas migration contributed approximately 89.2% of overall population gains during recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, the SA State Government's Regional/LGA projections by age category are adopted after adjustments employing weighted aggregation from LGA to SA2 levels. Future population trends project above median growth for national areas, with Richmond expected to grow by 3,122 persons to 2041 based on latest numbers, reflecting a total increase of 16.3% over the 17-year period.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Richmond among the top 25% of areas assessed nationwide
Richmond has seen approximately 87 new homes approved annually. Development approval data is produced by the Australian Bureau of Statistics on a financial year basis, with 436 homes approved over the past five financial years, from FY21 to FY25, and six approvals so far in FY26. On average, each dwelling built has resulted in 2.2 new residents per year over these five years, reflecting strong demand that supports property values. New homes are being constructed at an average expected construction cost of $412,000.
This financial year has seen $114.3 million in commercial approvals registered, indicating robust commercial development momentum. Compared to Greater Adelaide, Richmond records about three-quarters the building activity per person and ranks among the 71st percentile of areas assessed nationally. New building activity comprises approximately 54.0% detached houses and 46.0% medium and high-density housing, offering a range of attached housing types catering to various price ranges.
With around 182 people per dwelling approval, Richmond exhibits characteristics of a growth area. Population forecasts indicate Richmond will gain 2,989 residents by 2041. Development is keeping pace with projected growth, though increasing competition among buyers may arise as the population expands.
Frequently Asked Questions - Development
Infrastructure
Richmond has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally
The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 13 projects that could potentially impact the area. Notable projects include North South Corridor, Southwark Grounds, Torrens to Darlington (T2D Project), and Frank Norton Reserve Redevelopment. The following list details those considered most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
North-South Corridor - River Torrens to Darlington (T2D)
The final and most complex section of Adelaide's 78km North-South Corridor - a $15.4 billion, 10.5km motorway section featuring twin 3-lane tunnels, surface motorway, and grade-separated interchanges. The T2D Project includes Southern Tunnels (4km twin tunnels from Darlington to south of Anzac Highway), Northern Tunnels (2.2km twin tunnels from James Congdon Drive to existing motorway south of Grange Road), and a 2.5km open motorway section linking the tunnel systems. Will allow motorists to bypass 21 sets of traffic lights, significantly reducing travel times and improving freight productivity. Features 4km of lowered motorway through Parklands and Unley. Construction began in 2025 with completion expected by 2031, creating continuous free-flowing traffic from Gawler to Old Noarlunga.
Southwark Grounds
Renewal SA is transforming the former West End Brewery site into a thriving mixed-use community, setting a new standard for inner-city living. The $1 billion redevelopment of the 8.4-hectare site will deliver up to 1,300 new dwellings (with 20% designated as affordable housing), retail, commercial, hospitality, and community spaces. Located just 2km from Adelaide CBD, the precinct will feature over 15% public open space, including integration of the heritage-listed Riverside Gardens into an enhanced River Torrens linear park. Key heritage elements including the Walkerville Brew Tower and foundations of Colonel William Light's 'Theberton' Cottage will be preserved. The development targets 30% tree canopy coverage and a 6 Star Green Star Communities rating. Construction began in 2025 with the first residents expected by end of 2026. The project will create 4,000 jobs during construction and over 100 ongoing retail and hospitality roles.
New Women's and Children's Hospital
$3.2 billion new Women's and Children's Hospital in Adelaide. Co-located with Royal Adelaide Hospital and Adelaide BioMed City. 25% larger than current hospital, 56 more overnight beds, larger Emergency Department with 43 treatment spaces. 30,000sqm of Park Lands opened up with new family facilities.
New Women's and Children's Hospital
A new $3.2 billion state-of-the-art hospital at the SAPOL Barracks site with 414 overnight beds (56 more than current), larger emergency department with 43 treatment spaces, and Australia's first all-electric public hospital. Features integrated 4-bed ICU for women, on-site helipad with direct access to critical clinical areas, all critical care services co-located on one floor including birthing, theatres, Paediatric ICU and Neonatal ICU. Located in Adelaide BioMed City precinct near Royal Adelaide Hospital. Construction commenced in 2024 with expected opening 2030-31.
Grote & Gouger Precinct (Gurner x Kennards)
$1.25b mixed-use urban renewal of the former Australia Post site led by Gurner with Kennards Self Storage. Plans approved by SCAP in Nov 2023 for five towers (15-28 storeys) delivering around 600 apartments, a 220-room hotel, retail and commercial space, public plaza and wellness facilities. Subsequent DA variation in Jun 2024 increased dwellings and adjusted Tower 1 configuration. Architect: Fraser & Partners (formerly Elenberg Fraser).
Henley Beach Road Visioning Project
City of West Torrens long-term main street renewal for a ~3 km corridor between Airport Road and the Bakewell Underpass. Council adopted the final Vision and Guiding Principles in Dec 2024 and is now developing action and project plans, with staged implementation and pilot projects to test streetscape, transport and dining precinct upgrades.
Sentinel Build-to-Rent Project (Bowden)
South Australia's first institutional build-to-rent community by Sentinel Australia. A 12-storey plus mezzanine development of about 240 rental apartments (studio, 1, 2 and 3 bed) with pet-friendly amenities, SOHO spaces, pool, fitness centre, resident lounge, BBQ areas and podium green terraces. Ground floor to include retail and on-site Kinleaf leasing/management office. Planning approval secured by SCAP; construction indicated to commence in 2025.
North South Corridor
The North-South Corridor in Australia, a 78 km non-stop motorway from Gawler to Old Noarlunga through Adelaide, includes several projects like the Southern Expressway and Darlington Upgrade. Completion expected by 2031.
Employment
Employment performance in Richmond exceeds national averages across key labour market indicators
Richmond SA has an educated workforce with prominent essential services sectors. Its unemployment rate is 3.6%, having seen a 3.5% employment growth in the past year.
As of June 2025, 10,991 residents are employed, with an unemployment rate of 3.6% compared to Greater Adelaide's 4.0%. Workforce participation is high at 66.8%, above Greater Adelaide's 61.7%. Key industries for residents include health care & social assistance, retail trade, and accommodation & food, with a strong specialization in the latter (1.4 times the regional level). Conversely, construction shows lower representation at 6.7% versus the regional average of 8.7%.
The area functions as an employment hub with 1.2 workers per resident, attracting workers from nearby regions. Over June 2024 to June 2025, employment increased by 3.5%, labour force grew by 3.3%, and unemployment fell by 0.2 percentage points. In contrast, Greater Adelaide saw employment growth of 2.1% with marginal labour force increase over the same period. State-level data from Sep-25 shows SA employment grew by 1.06% year-on-year, adding 9,370 jobs, with a state unemployment rate of 4.5%, in line with the national rate of 4.5%. Jobs and Skills Australia's forecasts from May 2025 project national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Richmond's employment mix suggests local growth of approximately 6.8% over five years and 14.1% over ten years.
Frequently Asked Questions - Employment
Income
Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis
As per AreaSearch's latest postcode level ATO data released on 2022 financial year, Richmond's median income among taxpayers is $52,505, with an average of $62,632. This is slightly below the national average, compared to Greater Adelaide's median of $52,592 and average of $64,886. Based on Wage Price Index growth of 10.83% from financial year 2022 to March 2025, current estimates would be approximately $58,191 (median) and $69,415 (average). According to the 2021 Census figures, household, family, and personal incomes in Richmond rank modestly, between the 39th and 44th percentiles. Income distribution data shows that the predominant cohort spans 31.6% of locals (5,808 people) within the $1,500 - $2,999 category, similar to regional levels where 31.8% occupy this bracket. Housing affordability pressures are severe, with only 83.5% of income remaining after housing costs, ranking at the 39th percentile. The area's SEIFA income ranking places it in the 5th decile.
Frequently Asked Questions - Income
Housing
Richmond displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region
Richmond's dwelling structure, as per the latest Census, consisted of 66.2% houses and 33.8% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Adelaide metro's 63.9% houses and 36.2% other dwellings. Richmond's home ownership rate was 27.9%, with the rest being mortgaged (29.3%) or rented (42.8%). The median monthly mortgage repayment in Richmond was $1,733, below Adelaide metro's average of $1,745. The median weekly rent figure for Richmond was $325, compared to Adelaide metro's $310. Nationally, Richmond's mortgage repayments were lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Richmond features high concentrations of group households and lone person households, with a fairly typical median household size
Family households account for 59.3 percent of all households, including 23.0 percent couples with children, 23.5 percent couples without children, and 10.9 percent single parent families. Non-family households constitute the remaining 40.7 percent, with lone person households at 31.6 percent and group households comprising 9.1 percent of the total. The median household size is 2.3 people, which aligns with the Greater Adelaide average.
Frequently Asked Questions - Households
Local Schools & Education
The educational profile of Richmond exceeds national averages, with above-average qualification levels and academic performance metrics
Richmond's educational attainment is notably higher than state averages. 37.5% of residents aged 15+ possess university qualifications, compared to 25.7% in SA and 28.9% in Greater Adelaide. Bachelor degrees are most common at 24.9%, followed by postgraduate qualifications (9.3%) and graduate diplomas (3.3%). Vocational credentials are also prevalent, with 26.0% of residents aged 15+ holding such qualifications - advanced diplomas (9.3%) and certificates (16.7%).
Educational participation is high, with 28.1% of residents currently enrolled in formal education, including 10.1% in tertiary, 7.2% in primary, and 4.9% in secondary education. Richmond has a robust network of 8 schools educating approximately 3,589 students as of the latest data. The area demonstrates above-average socio-educational conditions (ICSEA: 1050). The educational mix includes 3 primary, 3 secondary, and 2 K-12 schools. School capacity exceeds residential needs, with 19.5 places per 100 residents compared to the regional average of 13.8, indicating Richmond serves as an educational hub for the broader region. Note: where schools show 'n/a' for enrolments, please refer to the parent campus.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Richmond has 91 active public transport stops. These include train and bus services. The stops are served by 51 different routes that together provide 4,343 weekly passenger trips.
Transport accessibility is rated good, with residents typically located 221 meters from the nearest stop. Service frequency averages 620 trips per day across all routes, equating to approximately 47 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Richmond's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts
Richmond residents have relatively positive health outcomes with low prevalence of common conditions among the general population, but higher than national averages among older cohorts at risk.
Private health cover stands at approximately 51% (9,392 people), slightly lower than the average for SA2 areas. Mental health issues and arthritis are the most prevalent conditions, affecting 9.0% and 7.0% of residents respectively. Around 70.4% of residents claim to be free from medical ailments compared to 70.9% in Greater Adelaide. Richmond has 15.5% (2,854 people) of its population aged 65 and over, lower than the 17.6% in Greater Adelaide. Health outcomes among seniors require more attention than those of the broader population.
Frequently Asked Questions - Health
Cultural Diversity
Richmond is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Richmond's population comprises 33.0% born overseas and 34.6% speaking a language other than English at home, indicating high cultural diversity. Christianity is the predominant religion in Richmond, accounting for 43.0% of its population. The most notable overrepresentation is in the 'Other' religious category, which comprises 2.6% of Richmond's population compared to Greater Adelaide's 3.1%.
In terms of ancestry, the top three groups are English (20.2%), Australian (18.1%), and Other (11.9%). There are notable divergences in certain ethnic groups' representation: Greek at 9.5% (vs regional 6.1%), Polish at 1.1% (vs 0.9%), and Italian at 6.9% (vs 6.7%).
Frequently Asked Questions - Diversity
Age
Richmond's population is slightly younger than the national pattern
The median age in Richmond is 36 years, which is slightly lower than Greater Adelaide's average of 39 and also lower than Australia's median of 38. Compared to Greater Adelaide, Richmond has a higher proportion of residents aged 25-34 (22.0%) but fewer residents aged 5-14 (7.9%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. According to the 2021 Census, the proportion of Richmond's population aged 25-34 has increased from 20.6% to 22.0%, while the proportion of those aged 45-54 has decreased from 12.7% to 11.2%. By 2041, Richmond is projected to experience significant changes in its age structure, with the 75-84 age group expected to grow by 58%, reaching a total of 1,303 people from the current figure of 827.