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  • Average property sold price $1,352,753

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  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 4.81 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence

About Richmond (Vic.)

With an average age of 36, households expect an average monthly mortgage payment of $1,990 or a weekly rent payment of $415. The average family earns a weekly income of $2,575 with a typical household size of 2 and a 93.75% employment rate.

Consistent high demand relative to supply is a key feature in Richmond driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Richmond ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Richmond classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Richmond requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Public Transport

General Points of Interest


(Country of Birth not stated 5%)

Are people healthy?

There are a recorded 3198 asthma sufferers and 1059 people living with diabetes. In addition, 1005 people have a heart/vascular condition and 2432 people live with three or more chronic diseases.

A good place to invest in property?

Richmond (Vic.) a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Victoria State average 44 / 100


77 / 100

52 / 100


100 / 100

17 / 100


66 / 100

32 / 100

House Prices

85 / 100

70 / 100


100 / 100

34 / 100

Local Crime Rates

Incidents Trend State Average

Local Schools

  • School Catchments
  • Hawthorn West Primary School

    Hawthorn, VIC, 3122 State Prep-6

  • Richmond Primary School

    Richmond, VIC, 3121 State Prep-6

  • Trinity Catholic School

    Richmond North, VIC, 3121 Independent Prep-6

  • Melbourne Indigenous Transition School

    Richmond, VIC, 3121 Independent 7

  • Richmond West Primary School

    Richmond, VIC, 3121 State Prep-6

  • Abbotsford Primary School

    Abbotsford, VIC, 3067 State Prep-6

  • Yarra Primary School

    Richmond, VIC, 3121 State Prep-6

  • Lynall Hall Community School

    Richmond, VIC, 3121 State U, 7-12

  • Melbourne Girls College

    Richmond, VIC, 3121 State 7-12

Local Developments

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  • 134 Acme Avenue Street, Town, State

    Description - Details the application. Type and other information pertaining to the development application and more...

    Authority Reference: UX0909823-GOV Website

Hey! I’m Kate.

Are you interested Off Market Properties? Residz can match you with Off Market Sellers and keep you up to date on the places most likely to list.

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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