Richmond Demographics: Population, Age & Income Profile (WA)

Population data for Richmond comes from the ABS 2021 Census, the most recent national census. For the most current suburb-level population data, refer to ABS QuickStats or consult the Western Australia state government's population projections. Understanding population trends helps home buyers assess housing demand, infrastructure investment, and neighbourhood character.

The median age for Western Australia is 37 years according to the 2021 ABS Census, which serves as a reference point for Richmond. A younger median age often indicates more families and first home buyers, while older demographics suggest established households and potentially lower turnover. Both have implications for property demand and investment strategy.

The median weekly household income in Western Australia is $1,496 per week (ABS 2021 Census). Household income affects serviceability for mortgage lending, rental affordability, and the type of housing stock in demand within a suburb. Higher-income areas typically support stronger property values and faster capital growth. Combine demographic research with a climate risk report from ClimateNest for a complete property assessment.

The demographic profile of Richmond is broadly shaped by its location within Western Australia. According to the ABS Census, 27.1% of households in the state are couples with children, while 25.3% are couples without children. The overall population of Western Australia has a median age of 37 — use this as context when assessing the demographic character of Richmond.