Profile for Richmond

3121

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. The art end of Richmond are along Albert street, home to a number of art galleries. The neighbourhood has a range of open spaces including Barkly Gardens, Church Street Park, Citizens Park, Dame Nellie Melba Memorial Park and O'Connell Reserve.

Recent Sales & Auction Results in Richmond

Address Price Type Method Sale Date Agent
Property List
607/132 Burnley St, Richmond 2 Apartment Private Sale 24/07/2020 Biggin & Scott

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$1.36mil

Metro Melbourne

$864k

Quarterly Price Change

-0.7%

Metro Melbourne

-3.5%

Median Rent

$675

Metro Melbourne

$470

Rental Yield

2.7%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 76.9% 66.1%
Days on Market 28 39
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,160,000 $910,250
3 Bedrooms $1,440,000 $760,000
4 Bedrooms $1,790,000 $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $600 $500
3 Bedrooms $775 $440
4 Bedrooms $950 $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$525k

Metro Melbourne

$621k

Quarterly Price Change

-16.3%

Metro Melbourne

-2.5%

Median Rent

$463

Metro Melbourne

$430

Rental Yield

4%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 76.9% 66.1%
Days on Market 28 39
Median price by Bedrooms Suburb Metro
1 Bedroom $407,500 $385,000
2 Bedrooms $729,000 $591,000
3 Bedrooms $1,255,000 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $400 $370
2 Bedrooms $560 $450
3 Bedrooms $850 $525

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