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Richmond
VIC, 3121 - Yarra

Thinking about buying in Richmond? Now could not be a better time, with 24321 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,390,000 with prices in this suburb ranging from $72,000 to $13,818,000. Richmond is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $462.38
Median Monthly Mortgage $2353.58
Median Persons Per Bedroom 0.96
Average Household Size 2.02
Average Age 33.93
Average Income $1320.80
Average Cars Per Dwelling 1.11
Average Properties Within 50M 117

Housing Stock

Average Property Prices

1 Bed  $562,000
2 Bed  $1,288,000
3 Bed  $2,325,000
4 Bed  $2,975,000
5 Bed  $3,647,000
6 Bed+$2,936,000

Richmond Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Richmond is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Richmond provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Richmond to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Richmond we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Richmond a better buying opportunity than it may have been in the past.

Richmond is a suburb of Melbourne, Victoria. An incredibly diverse and culturally rich suburb, Richmond has undergone significant gentrification in recent years, beginning in the early 1990s. The suburb is hugely multifaceted, featuring a blend of accommodation ranging from modern high-rise flats to Victorian terraced houses, interspersed throughout a popular retail sector. Well known for its Little Saigon region, a centre of Vietnamese culture in Australia, the name Richmond comes from a region in London known as Richmond Hill. Richmond features a number of schools and colleges, along with several hospitals and sports clubs.

Richmond lies just 3 kilometres from Melbourne’s Central Business District, making it excellent for commuters and professionals working in the city’s heart. Richmond is incredibly well serviced by public transport systems; there are 5 train stations spread throughout the municipality. The proximity and connections to the centre of the city, coupled with the retail sector that permeates much of Richmond and the high density and variety of housing found throughout the suburb, all combine to create a vibrant urban suburb full of excitement and promise, right in the heart of Melbourne.

Properties for sale Richmond

Professionals 13 VICTORIA PL, RICHMOND, NSW, 2753 Beds5 Bathrooms2 Parking 2 Price: Contact Agent
Professionals 9 BOURKE ST, RICHMOND, NSW, 2753 Beds3 Bathrooms2 Parking 2 Under Contract
Ray White 33A DIGHT ST, RICHMOND, NSW, 2753 Beds3 Bathrooms1 Parking 1 730000
Stone Real Estate 50 WEST MARKET ST, RICHMOND, NSW, 2753 Beds3 Bathrooms1 Parking 1 Guide $985,000
Stone Real Estate 5 FRANCIS ST, RICHMOND, NSW, 2753 Beds4 Bathrooms1 Parking 1 Contact Agent
Stone Real Estate UNIT 1, 8-14 BOSWORTH ST, RICHMOND, NSW, 2753 Beds2 Bathrooms2 Parking 2 Contact Agent
Stone Real Estate 5A BOWMAN ST, RICHMOND, NSW, 2753 Beds3 Bathrooms1 Parking 2 $799,000
Stone Real Estate UNIT 1, 5 BOWMAN ST, RICHMOND, NSW, 2753 Beds4 Bathrooms2 Parking 2 $1,000,000

Local Schools

Richmond West Primary School

Richmond Primary School

Yarra Primary School

Lynall Hall Community School

Melbourne Girls College

Trinity Catholic School

Melbourne Indigenous Transition School

Richmond High School

Abbotsford Primary School

Hawthorn West Primary School

(While the above schools are located with the suburb of Richmond there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Richmond weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan2.518.631.642.294.32.922.2
Feb3.518.029.746.295.12.718.8
Mar4.615.92749.996.02.415.5
Apr2.212.224.647.496.72.014.0
May1.17.221.146.996.71.711.4
Jun2.35.818.054.2971.99.2
Jul0.63.718.643.994.72.210.7
Aug1.14.320.037.892.82.613.2
Sept1.17.623.234.593.22.917.3
Oct1.511.625.338.794.12.819.7
Nov2.314.828.239.994.12.922.6
Dec2.616.629.839.994.3323.7

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

25-09-2024 $675,000 65 JOHN TEBBUTT PL
25-09-2024 $867,825 84 DIGHT ST
24-09-2024 $600,000 4 / 4 TOXANA ST
24-09-2024 $882,000 51 MORAY ST
19-09-2024 $1,040,000 18 TEVIOT ST
18-09-2024 $785,000 2 / 13 MORAY ST
13-09-2024 $670,000 1 / 19 STRONG PL
10-09-2024 $410,000 9 / 104 WINDSOR ST
05-09-2024 $1,750,000 47 TEVIOT ST
03-09-2024 $470,000 6 / 8 TOXANA ST
02-09-2024 $652,000 1 / 182 MARCH ST
02-09-2024 $1,530,000 324 WINDSOR ST
23-08-2024 $693,000 4 / 148 WINDSOR ST
19-08-2024 $312,500 39 PAGET ST
16-08-2024 $770,000 1 / 43 LENNOX ST
16-08-2024 $330,000 18 / 20 PAGET ST
16-08-2024 $946,000 68 WILLIAM COX DR
12-08-2024 $1,420,000 9 / 40 BOWMAN ST
02-08-2024 $745,000 5 / 22 WEST MARKET ST
30-07-2024 $875,000 51 PITT ST
26-07-2024 $845,000 2 GRAND FLANEUR AVE
24-07-2024 $2,100,000 10 PAGET ST
23-07-2024 $845,000 73 PITT ST
18-07-2024 $790,000 15 JOHN TEBBUTT PL
17-07-2024 $35,000,000 271 WINDSOR ST
17-07-2024 $812,000 4 SEGENHOE PL
12-07-2024 $1,060,000 29 WILLIAM COX DR
03-07-2024 $950,000 53 DIGHT ST
02-07-2024 $615,000 4 / 140 FRANCIS ST
02-07-2024 $1,057,000 16 BOWMAN ST
02-07-2024 $410,000 17 / 147 MARCH ST
27-06-2024 $1,750,000 143 WINDSOR ST
26-06-2024 $800,000 1 / 22 WEST MARKET ST
21-06-2024 $730,000 1 / 4 JERSEY ST
21-06-2024 $795,000 8 LENNOX ST
20-06-2024 $1,035,000 48 WEST MARKET ST
19-06-2024 $1,255,000 65 DRIFT RD
18-06-2024 $461,000 40 / 362 WINDSOR ST
17-06-2024 $736,000 1 / 15 STRONG PL
14-06-2024 $750,000 4 TEVIOT ST
11-06-2024 $785,000 27 JOHN TEBBUTT PL
31-05-2024 $850,000 2 / 9 LUKIS AVE
31-05-2024 $650,000 5 / 35 FRANCIS ST
30-05-2024 $1,080,000 23 DRIFT RD
23-05-2024 $476,000 5 / 8 TOXANA ST
21-05-2024 $750,000 7 / 354 WINDSOR ST
21-05-2024 $1,025,000 1 HOBART ST
20-05-2024 $770,000 48 PITT ST
15-05-2024 $835,000 6 GROSE ST
08-05-2024 $450,000 35 MARCH ST

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

CremorneBurnleyAbbotsfordEast MelbourneSouth YarraCollingwoodHawthornToorakMelbourneFitzroy

Public Transport


General Points of Interest

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