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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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Sales Detail
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 18,411 as of November 2025. This figure represents an increase of 1,389 individuals, an 8.2% rise from the 2021 Census count of 17,022 people. The growth is inferred from ABS's estimated resident population of 18,248 in June 2024 and validated new addresses since then. This results in a population density of 2,061 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Richmond's growth rate surpassed both the state (7.1%) and SA3 area averages, indicating it as a region with significant growth. Overseas migration contributed approximately 89.2% to overall population gains in 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, based on 2021 data and adjusted using weighted aggregation methods from LGA to SA2 levels. Future population trends project above median growth for national areas, with Richmond expected to grow by 3,122 persons by 2041, reflecting a total increase of 16.1% over the seventeen-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. Over the past five financial years, from FY-21 to FY-25, around 436 homes were approved, with another 36 approved so far in FY-26. This indicates a steady demand for housing, with about 2.2 people moving to the area per new home constructed over these years.
The average construction cost of these new homes is approximately $264,000. In terms of commercial development, Richmond has registered around $114.3 million in approvals this financial year, demonstrating strong momentum. Comparatively, Richmond records about three-quarters the building activity per person relative to Greater Adelaide and places among the 71st percentile nationally when assessed across different areas.
The new building activity shows a mix of detached houses (54.0%) and medium to high-density housing (46.0%), indicating an increasing blend of attached housing types that cater to various price ranges. With around 182 people per dwelling approval, Richmond exhibits characteristics of a growth area. Population forecasts suggest Richmond will gain approximately 2,959 residents by 2041. Development appears to be keeping pace with projected growth, though increasing competition among buyers is expected as the population expands.
Frequently Asked Questions - Development
Infrastructure
Richmond has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 13 projects that could impact this region. Notable ones include Thebarton Technology Hub, Southwark Grounds, North-South Corridor, and Frank Norton Reserve Redevelopment. The following list details those likely to be most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Thebarton Technology Hub
A key development for the City of West Torrens, focusing on attracting and growing bioscience, technology, and advanced manufacturing companies. The broader area includes the University of Adelaide's Thebarton Campus. The City of West Torrens' Economic Development Plan supports the investigation of establishing a digital hub and fast broadband to industrial precincts. The former West End Brewery site (now called Southwark Grounds) is undergoing a major $1 billion mixed-use masterplan by Renewal SA, with construction expected to start in mid-2025.
New Women's and Children's Hospital
A new $3.2 billion state-of-the-art hospital at the former SAPOL Barracks site with 414 overnight beds (56 more than current hospital) plus capacity for an additional 20 beds in future. Features include larger emergency department with 43 treatment spaces, Australia's first all-electric public hospital, integrated 4-bed ICU for women co-located with Paediatric ICU, on-site helipad with direct access to critical clinical areas, and all critical care services (birthing, theatres, PICU, NICU) co-located on one floor. Located in Adelaide BioMed City precinct near Royal Adelaide Hospital. Construction commenced April 2024 with $306 million Stage 1 works package (1,300-space car park and central energy facility) and $427 million Stage 2 foundational works package confirmed November 2024. New design team appointed June 2025. Expected completion 2030-31.
Southwark Grounds
Renewal SA is delivering a $1 billion mixed-use precinct on the former West End Brewery site in Thebarton. The 8.4-hectare riverfront development will provide up to 1,300 new homes (20% affordable), retail and hospitality tenancies, commercial office space, and more than 15% public open space linked to the River Torrens linear park. Heritage features including the Brew Tower and foundations of Colonel Light's Theberton Cottage are being retained. Early civil and remediation works commenced in mid-2025, with the first buildings now under construction and initial residents expected in late 2026.
Festival Plaza Tower 2
Adelaide's first skyscraper - a 38-storey, 160m commercial tower featuring 50,000 sqm of office space across 36 floors, 1,000 sqm of retail including restaurants, cafes and bars, a signature rooftop bar and restaurant with panoramic views of Adelaide Hills, and 800 sqm of additional public realm. Set to become Adelaide's largest and most sustainable commercial building, targeting 6 Star NABERS Energy rating and carbon neutrality by 2028. This will be the largest all-electric commercial building in South Australia with the city's largest solar array.
Harbour Town Premium Outlets Adelaide Expansion
Major redevelopment of Adelaide's only outlet shopping centre featuring the new 'Harbour Town Eats' dining precinct, upgraded amenities, renewed storefronts, and enhanced landscaping. The project introduces new premium brands and improved facilities.
Calvary North Adelaide Hospital Redevelopment
Major $100m+ redevelopment and expansion of the private Calvary North Adelaide Hospital including a new theatre complex, expanded maternity and birthing suites, and additional inpatient beds.
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.
Employment
Employment performance in Richmond exceeds national averages across key labour market indicators
Richmond SA has a highly educated workforce with strong representation in essential services. Its unemployment rate is 3.6%, lower than the national average.
Over the past year, employment growth was estimated at 3.5%. As of June 2025, 10,991 residents are employed, with an unemployment rate of 4.0% compared to Greater Adelaide's 4.0%. Workforce participation is high at 66.8%, exceeding the regional average of 61.7%. Key employment industries include health care & social assistance, retail trade, and accommodation & food services.
The area specializes in accommodation & food services, with an employment share 1.4 times the regional level. Conversely, construction has lower representation at 6.7% compared to the regional average of 8.7%. There are 1.2 workers for every resident, indicating Richmond functions as an employment hub attracting workers from surrounding areas. Between June 2024 and June 2025, employment increased by 3.5%, while labour force grew by 3.3%, leading to a decrease in unemployment of 0.2 percentage points. In contrast, Greater Adelaide experienced employment growth of 2.1%. Jobs and Skills Australia forecasts national employment growth of 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, though these are simple extrapolations for illustrative purposes only.
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 July 1st, 2022, Richmond's median income among taxpayers is $52,505. The average income in Richmond for the same period is $62,632. This places Richmond slightly below the national average. In comparison, Greater Adelaide had a median income of $52,592 and an average income of $64,886 during this period. Based on Wage Price Index growth of 12.83% since financial year 2022, current estimates for Richmond would be approximately $59,241 (median) and $70,668 (average) as of September 2025. According to the 2021 Census figures, household incomes in Richmond rank at the 39th percentile, family incomes at the 40th percentile, and personal incomes at the 44th percentile. Income distribution data shows that 31.6% of locals (5,817 people) fall within the $1,500 - 2,999 income bracket, similar to regional levels where 31.8% occupy this bracket. Housing affordability pressures are severe in Richmond, 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 fifth 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). In comparison, Adelaide metro had 63.9% houses and 36.2% other dwellings. Home ownership in Richmond was at 27.9%, with mortgaged dwellings at 29.3% and rented ones at 42.8%. The median monthly mortgage repayment in Richmond was $1,733, below Adelaide metro's average of $1,745. The median weekly rent in 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, consisting of 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
Educational attainment in Richmond is notably high, with 37.5% of residents aged 15 and above holding university qualifications, compared to 25.7% in South Australia (SA) and 28.9% in the Greater Adelaide area. Bachelor degrees are most prevalent at 24.9%, followed by postgraduate qualifications at 9.3% and graduate diplomas at 3.3%. Vocational credentials are also prominent, with 26.0% of residents aged 15 and above holding these qualifications, including advanced diplomas (9.3%) and certificates (16.7%). Educational participation is high, with 28.1% of residents currently enrolled in formal education, comprising 10.1% in tertiary education, 7.2% in primary education, and 4.9% pursuing secondary education.
Richmond has a robust network of eight schools educating approximately 3,589 students, with above-average socio-educational conditions (ICSEA: 1050). The educational mix includes three primary, three secondary, and two K-12 schools. School capacity exceeds typical residential needs, with 19.5 places per 100 residents compared to the regional average of 13.8, indicating that Richmond serves as an educational center 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 offering a mix of train and bus services. These are served by 51 different routes that together facilitate 4,343 weekly passenger trips. Residents enjoy good transport accessibility, with an average distance of 221 meters to the nearest stop.
Daily service frequency across all routes is 620 trips, equating to about 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 show relatively positive health outcomes, with low prevalence of common conditions among the general population, but higher than national averages for older, at-risk groups.
Private health cover stands at approximately 51% of Richmond's total population (~9,408 people), slightly lower than the average SA2 area. The most prevalent medical conditions are mental health issues (affecting 9.0% of residents) and arthritis (7.0%). A majority, 70.4%, report being completely clear of medical ailments, compared to 70.9% across Greater Adelaide. Richmond has a lower proportion of seniors aged 65 and over at 15.5% (2,859 people), compared to Greater Adelaide's 17.6%. Health outcomes among seniors require more attention than 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 has a high cultural diversity, with 33.0% of its population born overseas and 34.6% speaking a language other than English at home. Christianity is the main religion in Richmond, accounting for 43.0% of people. The category 'Other' is overrepresented in Richmond compared to Greater Adelaide, comprising 2.6% versus 3.1%.
The top three ancestry groups are English (20.2%), Australian (18.1%), and Other (11.9%). Some ethnic groups have notable differences: Greeks at 9.5% (versus 6.1% regionally), Poles at 1.1% (versus 0.9%), and Italians at 6.9% (versus 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 below Greater Adelaide's average of 39 and also slightly below Australia's median age 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 proportion of 25-34 year-olds is significantly higher than the national average of 14.5%. Between the 2021 Census and the present, the population of Richmond aged 25 to 34 has increased from 20.6% to 22.0%, while the proportion of those aged 45 to 54 has decreased from 12.7% to 11.2%. By the year 2041, Richmond's population is expected to experience significant changes in its age distribution, with the 75-84 age group projected to grow by 57%, reaching a total of 1,303 people from the current figure of 828.