Market snapshot

Suburb insights for Richmond3121

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Richmond is located 3 km east of the CBD. The suburb is home to Melbourne Cricket Ground hosting Aussie cricket the Australian Football League and past Commonwealth games. The suburb is well served by Richmond Railway Station and various trams for transport. For shopping Bridges Road and Swan Street have major label factory outlets seconds stores and small boutiques. The suburb is home to a variety of food choices from cosy cafes fine dining traditional Vietnamese treats or pizza in a pub.

Recent sales and auction results in Richmond

AddressBedroomsPriceTypeMethodSale DateAgentListing
25/2 New St, RichmondPriceTownhouse (Res)Auction Sale17/12/2024Jellis CraigView
4 Type St, RichmondPriceHouse (Res)Auction Sale17/12/2024BigginScottView
15/22 Bosisto St, RichmondPriceUnitSold Before Auction10/12/2024BigginScottView
8/59 Stawell St, Richmond1PriceApartmentPrivate Sale2/12/2024Jellis Craig - Ian Reid Vendor AdvocacyView
3/36 Davison St, Richmond1PriceApartmentPrivate Sale29/11/2024BigginScott
109/30 Burnley St, Richmond2PriceApartmentPrivate Sale25/11/2024BigginScott
104/486 Victoria St, Richmond1PriceApartmentPrivate Sale14/11/2024BigginScott

Sales data

Median sale price
$1.5mil
Quarterly price change
4.7%
Metro Melbourne Comparison
$916k
0.1%
BedroomsRichmondMetro comparison
2$1,160,000$902,000
3$1,611,500$807,500
4$2,290,000$950,000
InsightRichmondMetro comparison
Clearance rate74%73.3%
Days on market3542

Rental data

Median weekly rent
$800
Rental yield
2.9%
Metro Melbourne Comparison
$575
3.3%
BedroomsRichmondMetro comparison
2$700$560
3$950$550
4$1,300$595
Median data for the current quarter
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