Richmond, NSW 2753: Suburb Profile & Property Development Insights

Danny Ghaebi
Sep 24
3 min read

Richmond, located in the Hawkesbury region about 63km north-west of Sydney’s CBD, is one of Western Sydney’s oldest towns and an increasingly attractive suburb for families, professionals, and property developers. Known for its semi-rural lifestyle, leafy streets, and strong community feel, Richmond balances history with modern conveniences, making it a suburb to watch for both investors and developers.

Location & Lifestyle

Richmond sits at the end of the T1 Western train line, with direct services to the Sydney CBD, though travel times are longer compared to other commuter suburbs. Road connections via Windsor Road, Richmond Road, and Bells Line of Road link the suburb to Penrith, Blacktown, and the Blue Mountains.

Locals enjoy access to:

The Hawkesbury River and Pughs Lagoon for outdoor recreation.
Saturday markets, boutique cafes, and a mix of restaurants and pubs.
Hawkesbury Showground, Richmond Golf Club, and nearby equestrian facilities.
Western Sydney University’s Hawkesbury campus and a strong network of public and private schools.

The community is described as friendly and safe, with a mix of professionals, retirees, and families. While nightlife is limited, residents value Richmond’s quieter pace, abundant green space, and small-town charm.

Richmond Property Market 2025

Richmond’s property market has shown consistent growth, underpinned by affordability compared to inner Sydney, demand for larger lots, and its appeal to families seeking lifestyle balance.

Key Market Data (2025):

Median house price: $945,000 (↑ 10.2% over 12 months)
Median unit price: $675,000 (↑ 12.5% over 12 months)
House rental yield: ~3.5% ($650 per week)
Unit rental yield: ~3.9% ($500 per week)
Days on market: ~47 for houses, ~70 for units
Sales activity: ~75 house sales and 63 unit sales in the past 12 months

Richmond’s steady demand is driven by professionals seeking more space, families attracted to schools and parks, and retirees downsizing within the region. Rental yields remain solid, supported by a 39% rental population.

Who Lives in Richmond?

According to ABS census data, Richmond has a population of ~5,400 people. The predominant age group is 20–39 years, and households average 2.1 people. About 54% of homes are owner-occupied, with 46% rented.

Residents include:

Families with kids drawn to schools and open spaces.
Professionals commuting to Sydney or Penrith.
Retirees looking for a quieter lifestyle with access to medical services.
Singles and young couples attracted to affordability and lifestyle.

Development & Investment Opportunities

Richmond presents strong opportunities for small-scale residential development and property investment, thanks to its zoning mix, land availability, and population stability.

Potential opportunities include:

Duplexes and townhouses on larger blocks, catering to families and downsizers.
Infill redevelopment of older housing stock into modern, higher-yield dwellings.
Rental investments, with consistent tenant demand supported by local schools, WSU, and the RAAF base at nearby Richmond.
Land banking, as semi-rural lots hold long-term potential with infrastructure upgrades across Western Sydney.

Challenges include longer CBD commute times, traffic congestion during peak hours, and limited nightlife options. However, for buyers prioritising lifestyle, affordability, and growth potential, Richmond continues to hold appeal.

Final Word

Richmond, NSW 2753 offers a unique blend of historic charm, riverside living, and modern convenience. With rising house and unit values, steady rental yields, and opportunities for small-scale development, it remains a compelling option for investors and developers alike.

At OwnerDeveloper, we help landowners and investors unlock the full potential of suburbs like Richmond through feasibility analysis, due diligence, and tailored development strategies.