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Richmond

Victoria 3121
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An inner-city village in the sparkling shadow of the city skyline.

People

Richmond is ideal for mature, independent people looking for that compact, convenient and cultural urban lifestyle.

Lifestyle

If you want a cosy home but all the convenience of the urban lifestyle, you’ll hit the jackpot in Richmond.

Homes

Iconic neon, renovated terraces and slick warehouse conversions give a modern architectural nod to Richmond’s past.
Richmond has 267 properties available for rent and 119 properties for sale. Median property prices over the last year range from $1,175,000 for houses to $573,500 for units. If you are looking for an investment property, consider houses in Richmond rent out for $675 PW with an annual rental yield of 3.0% and units rent for $470 PW with a rental yield of 4.3%. Based on five years of sales, Richmond has seen a compound growth rate of 4.7% for houses and 1.0% for units.
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Median property price

For more information on what exactly a median price means, have a read of this article on our Blog
HouseUnitsTrend
buy
$1,175,000
(Price data last updated
Sep 4th, 2019)
rent
$675 PW
(Rent data last updated
Sep 18th, 2019)
buy
$573,500
(Price data last updated
Sep 4th, 2019)
rent
$470 PW
(Rent data last updated
Sep 18th, 2019)
How this was calculated & copyright information
Median House Price
Median Price: The price of a property that falls in the middle of the total number of houses sold over a period of time, based on 151 house sales from 1 Sep 2018 - 04 Sep 2019.
  • 2 Bedroom price is based on 64 house sales.
  • 3 Bedroom price is based on 77 house sales.
  • 4 Bedroom (no data - less than 10 sales).
Data supplied by Hometrack Australia
Median House Rent
The advertised weekly rent of a property that falls in the middle of the total number of houses listed over a period of time, based on 710 house listings from 1 Sep 2018 - 18 Sep 2019.
  • 2 Bedroom price is based on 369 house listings.
  • 3 Bedroom price is based on 264 house listings.
  • 4 Bedroom price is based on 50 house listings.
Data supplied by realestate.com.au

The median sales information is current as at the publication date only. The median sales information is based on Third Party Content (within the meaning of our website terms of use). realestate.com.au Pty Ltd does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any omissions or errors. The information should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before making any property decisions.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
Comparison of these prices with Victoria
With a median house price of $1,175,000, Richmond is higher than Victoria's median house price of $590,000. When it comes to renting, the Richmond median house rental price per week is $675 which makes renting more expensive than Victoria's average of $400.
Median Unit Price
Median Price: The price of a property that falls in the middle of the total number of units sold over a period of time, based on 214 unit sales from 1 Sep 2018 - 04 Sep 2019.
  • 1 Bedroom price is based on 65 unit sales.
  • 2 Bedroom price is based on 113 unit sales.
  • 3 Bedroom price is based on 35 unit sales.
Data supplied by Hometrack Australia
Median data for 3 bedroom unit configurations are calculated off 3 or more bedrooms.
Median Unit Rent
The advertised weekly rent of a property that falls in the middle of the total number of units listed over a period of time, based on 1929 unit listings from 1 Sep 2018 - 18 Sep 2019.
  • 1 Bedroom price is based on 903 unit listings.
  • 2 Bedroom price is based on 868 unit listings.
  • 3 Bedroom price is based on 137 unit listings.
Data supplied by realestate.com.au

The median sales information is current as at the publication date only. The median sales information is based on Third Party Content (within the meaning of our website terms of use). realestate.com.au Pty Ltd does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any omissions or errors. The information should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before making any property decisions.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
Comparison of these prices with Victoria
With a median unit price of $573,500, Richmond is higher than Victoria's median unit price of $506,000. When it comes to renting, the Richmond median unit rental price per week is $470 which makes renting more expensive than Victoria's average of $410.
Data supplied by Hometrack Australia

The median sales information is current as at the publication date only. The median sales information is based on Third Party Content (within the meaning of our website terms of use). realestate.com.au Pty Ltd does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any omissions or errors. The information should not be regarded as advice or relied upon by you or any other person and we recommend that you seek professional advice before making any property decisions.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

Supply and demand in Richmond

The level of competition in a suburb can affect prices and availability.
0
Visits per property
0
Visits per property
Richmond
Average of VIC
How this was calculated
Supply and Demand data.

Demand is calculated as the average number of visits per listing per month over the last 12 months to realestate.com.au/buy that include at least one property details page view in Richmond, VIC 3121. Supply is calculated as the average number of property listings per month that have been viewed at least once that month on realestate.com.au/buy in Richmond, VIC 3121 over the last 12 months.

The level of demand for individual listings varies. The data above shows the average for the suburb. realestate.com.au makes no claim about the statistical significance nor accuracy of the data. Please note: This information is based on realestate.com.au data. The purpose is to give buyers and sellers an indication of interest in properties in the suburb, based on that data. It is not a definitive representation of market supply and demand.

Latest Richmond property listings

The lifestyles and people of Richmond

The lifestyle of a suburb is often influenced by who lives there.
Top 3Details

Independent Youth

33.8%

Maturing & Established Independence

23.0%

Maturing Couples & Families

10.0%

33.8%
Independent Youth
23.0%
Maturing & Established Independence
10.0%
Maturing Couples & Families
9.2%
Older Independence
7.2%
Older Couples & Families
6.4%
Elderly Singles
6.0%
Established Couples & Families
2.6%
Elderly Couples
1.3%
Young Families
0.4%
Elderly Families
33.8%
Independent Youth
23.0%
Maturing & Established Independence
10.0%
Maturing Couples & Families
9.2%
Older Independence
7.2%
Older Couples & Families
6.4%
Elderly Singles
6.0%
Established Couples & Families
2.6%
Elderly Couples
1.3%
Young Families
0.4%
Elderly Families
How this was calculated and classification information
About this data
Independent Youth make up the largest percentage of people living in Richmond followed by Maturing & Established Independence and Maturing Couples & Families.
The statistics above have been sourced from Mosaic demographic data that is the copyright property of Experian Australia Pty Limited (or its licensors).
Classification Details
Young Families - Families, Extended Families and Single Parents under 35
Independent Youth - Couples, Singles and Homesharers under 35
Maturing Couples & Families - Families, Couples, Extended Families and Single Parents aged 35-44
Maturing Independence - Singles and Homesharers aged 35-54
Established Couples and Families - Families, Couples, Extended Families and Single Parents aged 45-54
Older Couples & Families - Families, Couples, Extended Families and Single Parents aged 55-64
Older Independence - Singles and Homesharers aged 55-64
Elderly Families - Families, Extended Families and Single Parents 65 and over Empty Nesters - Couples 65 and over
Elderly Singles - Singles and Homesharers 65 and over

From major sporting arenas to outlet shopping and the tiniest backstreet cafes, life in Richmond can be scaled to fit.

It might be neighbours with a towering CBD but Richmond, with its labyrinth of intriguing backstreets, thrives on smaller, more unique charms.

People in Richmond

There’s a large number of people in their 30s and 40s, both single and sharing, setting up home in Richmond, taking advantage of both its local drawcards and its proximity to the city. They live amongst a diverse population, both young and old, which gives Richmond its neighbourly feel.

The Richmond Lifestyle

Richmond is an easy distillation of all the good things in life. Yes it’s urban, but it’s not manic. Let this compact, inner-city suburb unfold and you’ll find yourself right at home amongst the street art, hidden bars, galleries and backstreet microbreweries. You might walk up to the MCG to catch your team play (no parking hassles for you!) or wander over to the Corner Hotel for rooftop drinks before heading downstairs to see a great new band.

Day-to-day living couldn’t be easier. There are major supermarkets as well as gourmet options and bustling Asian grocers. Richmond train station is a major hub making it as easy as all get out to, well, get out, and plentiful trams criss-crossing the suburb.

Richmond Homes

This once working class suburb wears its history on its streets, with rows of Victorian-era terraces, many restored to former glories, punctuated with a classic pub or milk bar on the corner.

Near the station, Richmond’s manufacturing history can be spied in fabulous old factories, some still bearing vintage logos that have been converted into bright, expansive loft-style apartments. To the east of the suburb you’ll find some lovely leafy pockets of quiet, quaint streets.

If you want a truly inner-city home just a hop, skip and a jump from the city, Richmond is a prime candidate. It’s vibrant and multicultural, compact and characterful. It’s got that distinct architecture and a pace that’s set to urban relaxation. If you’d rather go for brunch than mow a lawn, this could be the place for you.

Similar places to Richmond in

Love what Richmond has to offer? You may also be interested in taking a look at some of the following areas.
How similarity was identified among suburbs
Experian Pty Ltd classifies Australian households into one of 49 Mosaic Types based on geo-demographic segmentation. realestate.com.au calculates the composition of household Mosaic Types within each suburb, and compares this composition across suburbs to determine the similarity between suburbs. The suburbs with the most similarity to Richmond, VIC 3121 are shown. No other factors are considered.

Mosaic data supplied by Experian Australia Pty Ltd.
Mosaic data is the copyright property of Experian Australia Pty Ltd (or its licensors).

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