A boutique release of 3 & 4 bedroom townhouses from $900,000 — independently validated against Portfolio by Design’s 14-point suburb selection framework before it ever reached this page.
What I’m flagging: rent affordability is softer than my target here — on my read, fewer than half of renter households in Richlands are spending under 30% of income on rent, against a 60% benchmark. Everything else on the scorecard — vacancy, growth, yield, building approvals — clears comfortably. This is a disclosed flag, not a hidden one.
Project overview
A boutique release of 3 and 4 bedroom townhouses in Richlands, in Brisbane’s south-west corridor — on the Springfield rail line with a direct run to the CBD, and quick access to the Ipswich Motorway. Prices start from $900,000. Richlands has grown fast: population is up more than 55% between the 2016 and 2021 census, and three-year price growth is still under the threshold that signals a suburb hasn’t had its run yet.
Why I recommend it
I don’t send projects that fail my scorecard outright, and I don’t dress up the ones that pass with a flag attached as if they didn’t. Richlands cleared vacancy, growth, yield and building approvals comfortably. The one metric that gave me pause — rent affordability — is exactly the kind of thing I want you to know before you buy, not after. That’s the point of running a suburb through fourteen checks instead of taking a brochure at face value.
Want the full 14-point breakdown?
Book a call and I’ll walk you through exactly what I checked — including the flag.