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
307/1 Palmer St, Richmond2PriceApartmentAuction Sale2/05/2025BigginScottView
601/205 Burnley St, Richmond2PriceApartmentPrivate Sale22/04/2025BigginScott
29 Rose St, Richmond2PriceTownhouseSold Before Auction14/04/2025Flare Real EstateView
35/86 Burnley St, Richmond2PriceApartmentPrivate Sale5/04/2025BigginScott
409/30 Burnley St, Richmond1PriceApartmentPrivate Sale2/04/2025BigginScott
7 Hodgson Tce, Richmond3PriceHouseAuction Sale2/05/2025Abercromby's REView
23 Little Buckingham St, Richmond3PriceTownhouseSold Before Auction1/05/2025BigginScottView

Sales data

Median sale price
$1.4mil
Quarterly price change
4.8%
Metro Melbourne Comparison
$923k
2.7%
BedroomsRichmondMetro comparison
2$1,170,000$881,200
3$1,653,500$810,000
4$2,257,500$942,350
InsightRichmondMetro comparison
Clearance rate75%78.5%
Days on market3542

Rental data

Median weekly rent
$823
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
BedroomsRichmondMetro comparison
2$750$580
3$975$550
4$1,300$600
Median data for the current quarter
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