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
5/2 Edinburgh St, Richmond2PriceApartmentAuction Sale25/07/2025Jellis CraigView
23 Parkville St, Richmond4PriceHouseAuction Sale25/07/2025Jellis Craig
11/197 Lennox St, Richmond1PriceUnitPrivate Sale11/07/2025BigginScottView
1/50 Tanner St, Richmond3PriceTownhousePrivate Sale8/07/2025Jellis Craig
50 Farmer St, Richmond3PriceHouseAuction Sale25/07/2025Jellis CraigView
122/73 River St, Richmond2PriceApartmentPrivate Sale16/07/2025HodgesView
10/16 Type St, Richmond2PriceHouseSold Before Auction16/07/2025Abercromby's REView
61 York St, Richmond2PriceHousePrivate Sale6/07/2025BigginScottView
1/105 Crown St, Richmond3PriceTownhousePrivate Sale3/07/2025Jellis CraigView
7/45 Cameron St, Richmond1PriceApartmentPrivate Sale29/06/2025Jellis Craig
58 Murphy St, Richmond4PriceHousePrivate Sale9/06/2025Bekdon RichardsView

Sales data

Median sale price
$1.6mil
Quarterly price change
6.9%
Metro Melbourne Comparison
$924k
0.4%
BedroomsRichmondMetro comparison
2$1,190,000$890,000
3$1,610,000$815,000
4$2,150,000$950,000
InsightRichmondMetro comparison
Clearance rate75.8%79.5%
Days on market3439

Rental data

Median weekly rent
$850
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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